SSAs make grab for cash

Renewed fears surrounding European sovereigns have created a get-it-while-you-can attitude among borrowers, resulting in one of the busiest weeks of the year for new SSA issues. Among those already in the market are Italy with a three year dollar trade — the first syndicated European peripheral sovereign since Spain’s 10 year euro blowout back in July — and European Investment Bank with its first 10 year global since 2007. Eksportfinans, Cades, Ontario and Land NRW are also in the market with five year benchmarks Read Friday’s EuroWeek for full analysis of all the transactions on offer.