Jumbo dollars in sight for SSAs

By Craig McGlashan
26 Oct 2017

After several months without any long end dollar benchmark bonds from public sector issuers, two came along at once this week — bolstering confidence that conditions are right for a borrower to print in jumbo size in the tenor for the first time in more than two years.

Asian Development Bank (ADB) and CPPIB Capital took combined orders of nearly $5bn for their 10 year trades on Tuesday. (See Bond Comments section, p32). Some borrowers have been considering jumbo 10 year trades for a while, said SSA bankers, who added that this week’s trades should give borrowers belief ...

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