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Global banks turn to not-so-fixed income via centralised platform

Service to offer repackaged notes known as repacks that will be issued through a special purpose vehicle
Saturday, December 19, 2015 - 05:50

Hong Kong

FIXED income looks set to be increasingly not-so-fixed.  BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG and JPMorgan Chase & Co are teaming up to create a centralised platform that allows investors to change some features of bonds into almost anything they like.