SSAs enjoy Swiss affair as long dates work magic
Supranational and agency issuers Asian Development Bank, European Investment Bank, KfW and Municipality Finance piled in to the Swiss franc market this week, achieving pricing levels which surprised market participants.
"The market is on fire," said one syndicate banker. "Investors are buying at very tight levels, the music is back again."
The 10 to 20 year tenors of the deals and their triple-A ratings meant that despite extremely tight levels, insurance companies, asset managers and pension funds looking to
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