Review
Lehman Brothers - Product review
Lehman Brothers has launched an appealing product with its Pyxis Equity Linked Note Series 20. The product, which is effectively a China play, is issued in Hong Kong
Deutsche Bank - Product review
The German heavyweight continues to roll out an array of exciting products month after month. Its Alpha Express Certificate, which has early exit dates, is linked to the Dax and divDax
NDF - Product review
NDF launches some of the UK's most innovative products. The Growth Kickout Plan, linked to the FTSE 100 and Nikkei 225, offers a potential non-compounded return of 10%
ABN Amro - Product review
Dutch bank ABN Amro is making a real name for itself in the socially responsible investment arena. Here we review its Sustainability Protected Plus Note - a CPPI product linked to a sustainability basket
Merrill Lynch - Product review
China may be an interesting investment theme but stock volatility there can often present a challenge. Merrill Lynch's Citrine 4 Notes provide that all-important capital protection combined with a short maturity,
Winner: BMW
This month's awards for the most innovative and mould-breaking deals in the credit market go to BMW for its EUR1 billion bond, Calyon's convertible and KfW's rouble issue
CIBC World Markets - Product review
CIBC Global asset-linked Pearl deposit notes represent a compelling investment. Interestingly, the Canadian heavyweight has decided on the repeated selection of the best-performing asset
HVB - Product review
HVB has offered investors a combination of features in its DJ Eurostoxx 50-linked certificate, making it suitable for investors who want early maturity without sacrificing potential market-linked returns
West LB’s Structured Solutions - Product review
Of the 632 products issued in the UK last year, only five paid income. West LB’s Structured Solutions group wants to change this and has launched a fixed-term CPPI product linked to a high-yield bond fund
Morgan Stanley - Product review
At the end of 2006, Morgan Stanley launched a FTSE 100 kickout product for the UK, the FTSE Protected Growth Plan 14, offering potential early maturity after three years
Abbey - Product review
Abbey is a well-known distributor of products linked to residential property in the UK. The bank's Residential Property Bond Issue 5 provides 125% of any performance in the Halifax House Price Index
Credit Suisse - Product review
Many commodity-linked products focus on oil at the expense of other underlyings. Credit Suisse's Multi Commodity Note, issued in Switzerland, provides exposure to some less common metals, including lead, zinc and tin
Nomura Bank International - Product review
Nomura Bank International's Swiss Alpha Strategy Certificate is an actively managed fund in certificate form for the German market, which pursues an options-based strategy
Winner: Mobilink
In our monthly roundup of innovative deals in the credit market, we dish out the gongs to Mobilink's trailblazing bond, Lloyds TSB's Arkle RMBS and OTC Bank's hybrid
Winner:NXP
In our monthly look at the credit market's most innovative deals, we focus on NXP's mammoth high-yield issue, the Alcentra CLO and Bouygues' 20-year bond
