ECB eligibility the difference in euros for SSAs

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By Lewis McLellan
31 Mar 2020

The euro market for SSAs has returned to life in impressive style, but borrowers outside the ECB’s asset purchase programme are meeting with a chillier reception than their European counterparts.

CPPIB Capital’s deal on Monday was priced without tightening from guidance, as was Tuesday’s five year from the Province of Quebec. BNP Paribas, Deutsche Bank, HSBC, JP Morgan and NatWest Markets ran the book.

The trade was priced at 45bp over ...

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