US Wrap: Strong issuance run stalled by Doughnut Friday

Eksportfinans has been the main focus of this business recently, underwriting 11 products so far this month, in comparison with only a single structure from Swedish Export Credit for June. A sign of increasing confidence has been the broadening of scope beyond the S&P 500 index for underlyings, with four products this month linking to the iShares MSCI Emerging Markets Index Fund. The US equity benchmark remains a firm favourite though - 28 products linked to the index will price this month.

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