Dollar SSA issuers sidestep each other in busy market

By Mike Turner
13 Mar 2019

Municipality Finance (Muni Fin) printed a $1bn no-grow short five year bond on Wednesday, joining World Bank at the tenor in a dollar market that bankers said has offered something for everyone this week.

The Aa1/AA+ rated issuer printed its November 2023 deal at 14bp over mid-swaps after taking indications of interest from Tuesday at 16bp area over. 

Overnight demand hit $1.6bn and books were above $2bn by the time the spread was set. 

The trade comes a day after the World Bank placed ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial