SSAs and FIG seize sizzling sterling amid Brexit bounce
The sterling bond market, usually buoyant enough at the start of a year, got a Brexit boost this week, allowing public sector borrowers and financial institutions to take full advantage. Investors piled into deals following greater clarity on the UK’s looming exit from the EU but before possible volatility around the January 31 departure date. Burhan Khadbai and David Freitas report.
Such was the strength of the market that the record for biggest SSA order book in the currency was broken twice in a week.KfW latched on to the red-hot bid on Monday as it brought its largest ever sterling new issue, building the biggest ever order book in ...
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