Global Banks Turn to Not-So-Fixed Income Via Debt Platform
- Citigroup and JPMorgan among lenders launching repack platform
- Banks forecast annual sales of $2 billion in Europe, Asia
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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 centralized platform that allows investors to change some features of bonds into almost anything they like.