The Dutch merchant bank launches first public offer on the paper of a new legal entity as it seeks to make the most of the high levels of implied volatility. This is its first offering since the beginning of March.

Kempen has launched the VLKWM Trigger Plus Note Eurozone 20-25 in The Netherlands. The five-year autocall pays a fixed memory coupon of five percent per annum, providing the underlying Eurostoxx 50 index closes at or above 70% of its strike level on the annual valuation date. With implied volatility still at relatively high levels we are currently able to offer investors an attractive coupon - Marcel Pronk, Kempen During the first weeks of the crisis, Marcel Pronk (pictured) , director secu

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