Note Sales Tumble in Europe, Asia on Rules, Fed
Third-quarter sales of structured notes in Europe and Asia fell to the least in more than a decade as all but two of this year’s 10 largest issuers saw a dropoff.
DZ Bank AG, this year’s top seller of the securities, issued $3.42 billion in the three months, about half of the $6.76 billion sold in the preceding quarter, according to data compiled by Bloomberg that exclude notes where the amount of principal returned can vary. Volume at Societe Generale SA fell to less than a third of the previous quarter, while HSBC Holdings PLC and JPMorgan Chase & Co. also had lower sales.
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