SSAs end summer early as funding risks mount

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By Burhan Khadbai
20 Aug 2020

Public sector borrowers have wasted no time in returning to the capital markets this week, as borrowers look to protect themselves from a triple whammy of threats looming towards the end of the year — the arrival of the European Union as a giant issuer, a contentious US presidential election and a second wave of Covid-19 infections.

This week marked the official end of the summer break for the dollar SSA market, and bankers expect that a big reopening for euros is next on the agenda.

“Next week is a good window,” said a head of SSA DCM. “I wouldn’t be surprised to see issuers coming ...

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