Mixed results for SSAs in super-tight dollars

By Lewis McLellan
12 Oct 2017

While the dollar market produced one of its strongest deals of the year on Wednesday, another deal enjoyed markedly less success on the day, indicating that investors’ tolerance for tight levels may be becoming stretched.

The European Investment Bank attracted the largest book for an SSA dollar deal this year, booking $7.8bn of demand for its $3bn five year. The bond won that popularity despite being priced with an 8bp over mid-swaps spread, among the very tightest for the tenor. Only a deal from Export ...

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