Dollar destination reopened as IFC and JBIC pull off strong deals

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By Lewis McLellan
09 Jul 2020

The dollar market has taken over from euros as the funding currency of the moment for SSA borrowers, with successful deals from IFC and and Japan Bank for International Cooperation.

"Dollars is the choice of currency just now," said  a banker away from the deal. "Dollar borrowers will do that because the euro cross-currency basis swap isn't great just now, and euro borrowers will probably mostly do dollars as well, at least at the short end."

International Finance Corporation ...

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