Which of the following is a key feature of a eurocommercial paper (ECP)issue?

Question

Quizplus · Accepted Answer

Generally, an issuer employs a lead manager, and often co-lead managers, in an ECP issue. This is a key feature of the facility. The other options (A, B, D) are incorrect because ECP is typically a short-term facility, not a medium-term or long-term facility, and it does not have annual coupon payments as it is issued at a discount to its face value. Additionally, ECP facilities are often underwritten by a syndicate of banks.

Which of the Following Is a Key Feature of a Eurocommercial