What made the news on 15 February 1999
Most UK corporate bonds trading above par The majority of UK corporate bonds were trading above par, meaning new investors in the asset class back in February 1999 were facing significant capital losses. According to figures from Greenwich NatWest, the bond department of NatWest Bank, only three of the corporate bonds in issue at that point were trading under par, with the other trading in a range between 2% and 67% above it. •ast-ever Pep season sees business increase Investment houses were stepping up administrative functions to cope with larger than normal volumes of business in the l...
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