US Wrap: ABN Amro dominates, offering 16 new reverse convertibles
ABN Amro burst into life yesterday, dominating structured products issuance in the US, launching 16 of the 19 new deals - all reverse convertibles, based on wide range of themes, including commodities, the consumer retail market, and financials. Oil and energy were represented by Chesapeake, Exxon Mobil and Conoco Phillips.
Gaining exposure to commodity equities appears to be on the rebound after the price slump of their physical counterparts, with aluminium producer Alcoa on the list, and a link to agricultural sector performance via farming equipment manufacturer John Deere.
Issuer
Product type
Underlying
Pricing date
Maturity date
ABN AMRO Holding NV
Reverse Convertible
Freeport
Feb 24 2009
May 29 2009
ABN AMRO Holding NV
Reverse Convertible
Alcoa
Feb 24 2009
May 29 2009
A
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