Jumbo dollars in sight for SSAs

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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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