SSAs brace for ‘challenging environment’ in euros
Public sector borrowers will have to contend with much more difficult funding conditions in euros when they arrive en masse following the summer beak, according to SSA bankers.
This week, KommuneKredit provided the first real test of conditions for public sector borrowers in euros, following a colossal rally in rates over the summer.The Danish agency sold an 11 year benchmark that was the first syndicated public sector bond in euros since mid-July, excluding deals from ...
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