SSAs up deal sizes thanks to extra demand.

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By Lewis McLellan
18 Nov 2020

The European Bank for Reconstruction and Development landed $1.5bn of five year paper on Wednesday — $500m more than it was originally targeting, thanks to stronger than anticipated demand.

The supranational selected Citi, Daiwa Securities, JP Morgan and Scotiabank to run the books for a five year benchmark. The leads circulated initial price thoughts of 8bp area over mid-swaps and opened books on Wednesday morning with guidance unchanged and over $1bn of indications of ...

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