SSA borrowers snub red hot market for pre-funding chances
Sovereign, supranational and agency deals continue to price through borrowers’ secondary curves with well oversubscribed books in dollars and achieve heavy oversubscription. This is pushing bankers to encourage their clients to pre-fund for 2013. But the deal pipeline for the remainder of the year looks thin and only a few issuers are looking to get started early on next year’s funding tasks.
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