Dollar market dominated by defensive deals

By Lewis McLellan
29 Oct 2020

The dollar market has kept up a respectable pace of issuance this week, pumping out small deals at the short end of the curve catering to investors’ preference for defensive transactions.

Eurofima picked Barclays, BMO Capital Markets, Bank of America and Scotiabank to arrange a series of calls beginning on Monday in order to promote a new fixed rate Reg S dollar bond.

The flavour this week has been short dated sub-benchmark bonds, particularly from Scandinavian issuers. Swedish Export ...

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