SSAs swim in short-end dollars
The SSA market is open again after a two-week hiatus, with short dated dollar issuance taking centre stage. KfW has priced a $1.5bn two year Eurodollar and BNG is now following in the same maturity with BNPP, RBS and UBS. Instituto de Credito Oficial meanwhile is set to price a $1bn plus three year via HSBC, Morgan Stanley and UBS. In the US, Federal Home Loan Banks has announced a $3bn two year to be led by Bank of America, Barclays Capital and Deutsche. Read EuroWeek on Friday to see how the borrowers fare.
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