SSA quartet soak up demand for dollars

By Burhan Khadbai
03 Jun 2020

Four public sector borrowers hit the dollar market on Wednesday, including a rare seven year deal from new issuer International Development Association (IDA).

IDA raised $1bn with a seven year trade withits second dollar benchmark following its debut in April 2018.

However, the bookbuilding proved to be slow and closed with only a marginal level of oversubscription at over $1.4bn at a spread of mid-swaps plus 27bp, 1bp inside of initial ...

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