DBJ delights with new five year
The Development Bank of Japan shaved 3bp off its initial pricing thoughts when selling a new $500m five year bond at mid-swaps plus 40bp this morning. The order book highlighted the depth of demand for high grade product in the dollar market and the absence of any competing supply this week as SSA issuers take a breather ahead of the Greek PSI results on Thursday and non-farm payroll data on Friday.
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