Euro sevens and 10s ‘favourable’ for SSA dollar funders
Borrowing conditions in euros are attractive for public sector dollar funders towards the longer part of the curve, according to bankers.
“Sevens and 10s both work well in euros,” said an SSA DCM banker. “The longer you go, the more favourable it is to issue in euros rather than dollars.”“Five years used to be cheaper than dollars, but it feels like the arbitrage is coming to play further ...
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