ESM expected to hit red hot dollar market next week

Four_stacks_of_dollars_Fotolia_230x150
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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial