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.
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