SSA names turn screws on dollar spreads

dollar px230
By Mike Turner
04 Sep 2019

SSA issuers of dollar bonds were able to push harder on spread than they have in recent weeks on Wednesday, surprising syndicate bankers away from the deals.

Municipality Finance moved the spread over mid-swaps in by 3bp during execution to 15bp for a $1.25bn three year trade. Barclays, BNP Paribas, JP Morgan and TD Securities ran the deal.

Meanwhile, European Investment Bank moved its spread in by 1bp for its $500m tap of its June 2022 ...

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