Callable boom could falter on US rate rise
Demand for callable MTNs from sovereign, supranational and agency issuers has skyrocketed in 2015 but, when short term rates start rising in the US, investors could be left holding expensive paper. While many issuers will come to the rescue and buy back on demand, some buyers will have to live with their investment.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
