Issuers see positives in structured market.

The article presents a transcript of discussion about the perception of euro medium-term note (MTN) issuers on structured markets. Sanjay Sofat, head of MTN dealing of Royal Bank of Scotland has expressed that there are different investor expectations and there is a distinct lack of volatility. He also said that the main difficulty is not unique to us. Range accrual notes are not being called, barriers are not being hit and investors have yield expectations that are just not being met. Dealers are focusing on more esoteric structures to generate yield and maximize fees.