Twenty-nine structured products with estimated sales of €73m were marketed in Ireland during the second quarter of 2019, up 10 products from the same period last year.
The Norwegian market continued its pace set in the first quarter of the year with 27 products worth an estimated NOK415m (€41m) added to the database.
Tradition Securities and Futures (TSAF OTC) is marketing a 10-year hybrid structure with annual income linked to the EUR CMS 20-year and the EUR CMS 5-year spread, and capital protection tied to the iTraxx Main S31 Index. The medium term note is issued by Natixis.
The Swiss specialist structured product provider made ‘good progress’ with its key strategic initiatives in 1H2019 and is on track towards becoming a ‘globally renowned platform for structured investment solutions’, said chief executive officer Lukas Ruflin (pictured).
Twenty-three structured products from seven different providers were added to the SRP Belgium database in June.
One hundred and thirty-three structured products, including 51 public offers and 82 private placements, were added to the SRP France database in June. The market remains healthy and competitive with over 30 active distributors.
June observed a slowdown of the structured products market in Italy with 129 products that accumulated capital of €1.9 billion added to the SRP Italy database. This marked a decrease of almost 60% in issuance and 15% in sales volume, compared to May this year.
Forty-two retail, twenty private banking and thirteen institutional products were added to the SRP Finland database in the second quarter of 2019. Rollover opportunities in Q2 were great with 88 products that sold €234m at inception, maturing during the quarter.
One-hundred-and-sixty-two retail and sixty-seven private banking products were added to the SRP Sweden database in the second quarter of 2019.