Euro SSA market reopens with all eyes on EU juggernaut

By Burhan Khadbai
27 Aug 2020

Public sector borrowers found themselves in a tricky position as they returned to the primary euro market this week as they attempted to strike a balance between current secondary levels and where the market is heading with the arrival of the European Union’s giant borrowing programme from September.

The European Investment Bank was first off the mark with a €3bn 10 year on Tuesday, led by Bank of America, Barclays, Commerzbank and Goldman Sachs.

“In this particular case, it was not just returning from the usual summer break but also to a ...

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