EIB blazes trail in dollars
The European Investment Bank boosted sentiment in the SSA market with the phenomenal success of its $4.5bn three year global bond lead managed by Citi, HSBC and JP Morgan. At 20bp over mid-swaps, the deal was priced through the secondary market but still attracted orders of $5.7bn and traded 3bp tighter in the immediate aftermarket, dragging many secondary spreads in with it.
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