The Dutch merchant bank is distributing the first steepener structure seen in the Netherlands in almost 12 years.
Kempen has collaborated with Société Générale to launch its first steepener, the USD CMS Spread Note 19-26 , in the Netherlands. The seven-year, medium-term note is fully capital protected and pays an annual coupon equal to six times the difference between the USD 10-year CMS rate and the USD two-year CMS rate. “Our clients have an ongoing interest for products that offer an alternative in the current low rate environment we have experiencing for quite so
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