All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

SSAs embark on summer sales

Strong demand for dollars has propelled EIB, KfW and Cades into the market this week and a Canadian province could issue on Thursday as Asian buyers in particular continue to put in large orders. EIB trumped its price guidance of mid-swaps plus 17bp for its three year global, printing $3bn at plus 16bp. KfW has a $1.75bn book for its seven year Eurodollar and Cades a similar result for its three year Eurodollar bond. In the euro market ICO is issuing a five year at mid-swaps plus 175bp, a juicy 65bp over the Bonos curve. Read EuroWeek on Friday for news and views on this week’s trades — and on how long the buying bonanza will continue.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree