Jubilant dollar mart sparks pre-fund calls

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By Craig McGlashan
09 Nov 2017

Dollar deals large and small across the curve from SSA issuers rare and frequent pounded on screens through this week but despite the supply pressure, not one cracked. Conditions are so strong that some SSA bankers believe borrowers should look to pre-fund for next year — although they admit they might have a hard time convincing the sell side.

With five fixed rate dollar deals live on Tuesday — including a triple tranche from Japan Bank for International Cooperation — another two on Wednesday and one more pair on Thursday, it seemed likely to some that one would eventually struggle (see Bond Comments on page 34 for ...

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