Which of the following is a benefit of a eurocommercial paper (ECP) issue?
A) An ECP issue is a fixed-interest security with annual coupon payments.
B) An ECP issue can deliver cheaper funds for best-name borrowers.
C) Generally, only a lead manager is required for an ECP issue.
D) An ECP issue is a medium-term facility with maturities generally longer than ten years.
Correct Answer:
Verified
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