Tokyo and Kommuninvest latest tests of sizzling dollar primary

Japan Tokyo night 230px
By Mike Turner
20 May 2019

Tokyo Metropolitan Government and Kommuninvest released initial price thoughts on dollar trades on Monday, as investor demand in the currency remains high despite a run of deals last week.

A+ rated Tokyo Metropolitan Government is out with a $1bn no grow five year trade at initial price thoughts of mid-swaps plus 47bp area. 

Last week, fellow A+ rated Japanese borrower Japan Bank for International Co-operation printed a $2.5bn five year trade at 36bp over mid-swaps, suggesting there ...

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