Our Structured Rates experts explain how the 10y10y rate can save Floating Rate Notes
An innovative solution to tackle the problem of negative carry, created by the Crédit Agricole CIB Global Markets Structured Rates Solutions Team, successfully launched at the end of last year.
Since the first issuance in November 2018, a combined notional amount of more than €1,000,000,000 of this innovative payoff has been issued, reshaping the appetite of market players, including Insurance companies: it is transparent, observable and benefits from greater carry.
As a result, Crédit Agricole CIB has been identified as one of the most innovative houses in the structured rates arena: Crédit Agricole CIB and EBRD were jointly awarded the MTN-i Investor Solutions Award for the first €100 million issued on a 20-year structure issued by EBRD. And there is more to come!
To find out more, read our article Fixing Floaters – how the 10y10y rate can save FRNs published in Risk Magazine by clicking below: