SSA cluster finds fertile ground at short end

Euro fire FA 230
By Lewis McLellan
10 Feb 2020

Two European borrowers hit screens on Monday morning at the short end of the euro curve, with a third set to follow suit on Tuesday as issuers. Both of Monday’s deals received extraordinarily strong demand.

"There's an awful lot of liqudiity at the moment, and we simply haven't had all that much supply so far this year," said a head of SSA syndicate.

European Investment Bank is on screens for a five year €3bn no-grow Reg S benchmark from its Earn programme. The borrower ...

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