Canadians and Japanese find success with dollars across curve

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By Lewis McLellan
16 Jul 2020

A trio of SSA borrowers hit the market for dollar paper this week, testing the waters across the curve and finding investors receptive. Although the top tier names are mostly well funded, demand is still hot for the extra yield offered by the second layer of SSA borrowers.

“We’ve had a huge amount of supply from names like KfW, European Investment Bank, Asian Development Bank, etc,” said a head of SSA syndicate away from this week’s deals. “Investors are still liquid, but names with a bit of extra yield are at a premium just now.”

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