After a moderate start to the week issuance in the US took off yesterday, with 216 new products registered with the Securities Exchange Commission. Most were reverse convertibles, issued by Barclays, but all the usual players in the market have also joined the offering.
Although the underlyings vary hugely, financials have been used for several products, with Bank of America, Goldman Sachs and JP Morgan appearing as the basis for multiple reverse convertibles. Zions Bancorp, a collection of US b
The week on Risk.net, July 7-13, 2018Receive this by email