ESM prices ‘fairly’ in dollar return, IADB and NRW.Bank hit screens
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ESM prices ‘fairly’ in dollar return, IADB and NRW.Bank hit screens

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The European Stability Mechanism priced its second ever dollar benchmark at a “fair” level of around 5bp over European Investment Bank’s September 2020, according to onlooking SSA bankers. Elsewhere in the dollar SSA market, Inter-American Development and NRW.Bank mandated banks for floating rate notes.

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