SSA borrowers begin August with a bang in sterling money markets after basis swap move

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SSA borrowers begin August with a bang in sterling money markets after basis swap move

Euro funding agencies found their sterling commercial paper in heavy demand this week, as a favourable euro/sterling basis swap helped the issuers print £2.7bn by 12pm London time on Thursday — adding to what has already been a record breaking year for public sector borrowers in the currency.

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