L-Bank keeps SSA dollar trickle going

By Mike Turner
08 Apr 2019

The dollar sovereign, supranational and agency primary market has kicked off the week with an L-Bank mandate, as bankers continue to see little more than sporadic European SSA issuance in the currency in the weeks ahead.

L-Bank is out with initial price thoughts of mid-swaps plus 3bp for its two year Reg S benchmark deal. BMO, Deutsche Bank, Commerzbank and RBC are arranging the trade.

There are “not a lot of comps” for L-Bank at that maturity, according to a lead, who spotted the L-Bank ...

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