Issuers enjoy stellar conditions in dollars

Any sovereign, supranational or agency issuers mulling a dollar print in the coming weeks would be well advised to come, SSA bankers said this week, after strong investor demand drove a slew of heavily oversubscribed dollar deals. But as most of the issuers in the pipeline printed this week, few are left — particularly as the euro/dollar basis swap has moved to eliminate much of the arbitrage that euro-funding issuers can pick up through printing dollars.