Iceland limbers up in euros as investors predict Fed bonus

Euro Puzzle Fotolia 230x150
By Craig McGlashan
07 Dec 2017

The likely return of a rare sovereign issuer next week will break the silence in an otherwise quiet market for SSAs in euros, after there were just a smattering of German Lander trades this week. Meanwhile, investors believe that the rising interest rate cycle in the US could have a knock-on benefit for euro borrowers.

The Republic of Iceland looks set to bring its first syndication in more than three years before the year end, after mandating banks on Wednesday to run a euro trade.

Barclays, Citi, Deutsche Bank and Nomura are leads for the potential five year Reg ...

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