Luxembourg lurks as Bernanke QE call puts SSA market on hold
Luxembourg looks set to defy consensus and bring a new bond issue next week. Other SSA borrowers are understandably reluctant to do so, with uncertainty set to grip the market at least until Wednesday’s Federal Open Market Committee meeting.
Luxembourg will meet investors in London on Monday and the outcome of those and other meetings will decide the sovereign’s choice of maturity, although it is said to favour a 10 year euro deal.
Other issuers look set to wait for Federal Reserve chairman Ben Bernanke’s comments to
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