SSAs pile into bond market to fight Covid-19

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By Burhan Khadbai
26 Mar 2020

Public sector borrowers returned en masse to the primary bond market this week, with many selling new issues with an explicit focus on providing emergency financing in response to the coronavirus outbreak.

The Free State of Bavaria kicked off the supply on Monday with its first visit to the capital markets since 2014 as it raised €3bn to fund a €10bn fiscal package launched by the Bavarian government in response to the virus.

Another German sub-sovereign followed on Tuesday as ...

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