US wrap: RBS issues reverse convertible linked to Apple

superiphone
iPhone producer is used for RBS reverse convertible

Issuance volumes in the US are still struggling to climb back to normal levels but the latest offering does see a return to reverse convertibles and products on single underlyings rather than the multiple basket products that have been in evidence recently.

Royal Bank of Scotland (RBS) has selected Apple as the basis of a reverse convertible. Despite the well-publicised problems with the iPhone 4, the technology company's revenues keep on rising. However, disappointment over the new phone pulled

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