ESM expected to hit red hot dollar market next week

By Burhan Khadbai
22 Jul 2020

The European Stability Mechanism is likely to use its funding window scheduled for next week to issue a dollar benchmark, according to SSA bankers.

Neither the ESM nor its sister issuer, the European Financial Stability Facility, sent out a request for proposals to banks on Wednesday as would typically be the case ahead with a funding window scheduled the following week.

SSA bankers have interpreted this as meaning ESM will likely therefore ...

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