SSAs make hay in dollars, periphery tightens in euros
Bankers have been talking of renewed interest from Asian central banks and asset managers for longer dated dollars for a couple of weeks now and KfW is about to test that demand with a $1bn RegS seven year. Lead managers Bank of America Merrill Lynch and Goldman Sachs are marketing it at mid-swaps plus 12.5bp and, if successful, it could prompt more dollar issuance further down the curve.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts