SSA non-core issuance soars

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By Frank Jackman
06 Dec 2019

SSAs have had their best year in non-core issuance since 2012. SSA issuance (excluding euros, dollars and sterling) is up $3.83bn year on year to $82.95bn year to date. Much of this borrowing — some $32.8bn, according to Dealogic — has come through the MTN market.

“Moving into these new markets allows issuers to develop an investor base and another pocket of demand to tap,” said Marcin Bill, senior funding official at the International Finance Corporation. “From an issuer’s perspective, it’s the prudent thing to do.”

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