$50 million tap of series II of BNP Paribas’ Dynamo deal in April brought the total size of the transaction to a remarkable $900 million, making it the largest CPPI product on the market, and our Deal of the Month for this issue. Dynamo takes credit CPPI – constant proportion portfolio insurance – to another level by enabling the manager to adjust the degree of leverage of the portfolio. Hence the title: dynamic proportion portfolio notes.
Demand for the notes has been steadily increasing since
The week on Risk.net, July 7-13, 2018Receive this by email