Favourable spreads offer SSA MTN sterling spree

By Frank Jackman
13 Jun 2019

Three SSA borrowers issued a total of £200m ($255m) of medium-term notes in response to an inquiry for three year non-call one fixed rate sterling bonds on Tuesday — which probably all sold to the same buyer — amid an uptick of paper in the currency.

The World Bank printed £50m with a 0.8% coupon at par via HSBC, KfW printed £100m with a 0.75% coupon at an undisclosed price via Citi, and European Investment Bank printed £50m of 0.78% paper, also with an undisclosed issue price, via Morgan Stanley. All three notes have ...

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