Derivatives activity in the new issues market was fairly light for the week. Syndicate officials said issuers were less interested in using derivatives structures since rates are at historically low levels.

"Frankly, with absolute rates where they are, there is less interest," said Rick Kolman, manager of the underwriting desk at Goldman, Sachs & Co.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.