Defensive MTNs offer funding avenue to SSAs

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By Frank Jackman
20 Mar 2020

Despite the terrible effects of the coronavirus pandemic on capital markets, the MTN market is open and functioning.

A flurry of short dated, defensive SSA trades hit the MTN market this week, following agency prints from the week before as yields have risen, said one MTN banker.

The International Finance Corporationsold a Skr3bn ($290.7m) 0.375% March 2025 social bond on Tuesday. SEB ran the ...

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