Kempen goes with Societe Generale for CMS-linked note revival

Kempen has collaborated with Societe Generale for the launch of the Variabele Lange Rente Note 18-28 in the Netherlands. The capital protected product, which offers an annual coupon equal to 70% of the 10-year euro constant maturity swap (CMS) rate – capped at 4% – is the merchant bank’s first publicly offered note linked to the interest rate since 2014. Back then, the bank introduced, in quick succession, the Variabele Lange Rente Obligatie 14-24 I and II , the former, with a