SSA dollar names pile into topsy-turvy market

World Bank 230
By Mike Turner
21 Aug 2019

The World Bank was one of a bevy of SSA dollar issuers raising a total of $8.4bn this week, with most of the trades indicating that investors coming back from the summer were having to decipher a completely different market to the one they left.

The World Bank printed a $3.5bn five year Global, Land NRW priced a $1bn two year floater on the same day as Nederlandse Waterschapsbank (NWB) placed a $1.5bn two year fixed rate trade and Development Bank of Japan brought $1.8bn of five and 10 year notes.

Finally, the European ...

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