Banks that rank after lead managers in marketing a new issue, usually a Eurobond. They are typically chosen for their ability to place a substantial portion of the issue with their customers.
A Eurobond is a type of bond issued in a eurocurrency, and it plays a significant role in the international finance market by allowing issuers to raise capital efficiently across borders.
A Floating-Rate Note (FRN) is a type of bond with a variable interest rate, often based on the London Interbank Offered Rate (LIBOR), adjusting periodically to reflect market conditions.
