Kempen follows vision of its private bank and bets on CMS spread increase

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