Primary lights up in tricky dollar SSA market

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By Mike Turner
03 Sep 2019

The dollar SSA market burst into life on Tuesday, but some bankers say that the tight spreads and low yields on offer mean there is little guarantee any of the trades will be easy.

Asian Development Bank is out with its first deal linked to the secured overnight financing rate, the European Investment Bank is tapping its June 2022 sofr bonds, European Stability Mechanism is raising $2bn of five year debt and Municipality Finance is looking to print a three year benchmark.

“I’m ...

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