SSAs end summer early as funding risks mount

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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