SSA issuers slash spreads in booming dollar mart

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By Lewis McLellan
13 Jan 2021

A trio of SSA issuers pulled off another string of successful deals in the dollar market on Wednesday, with issuers able to push the envelope on pricing more than is usually possible in January.

“We’re seeing some bigger moves than usual in pricing,” said a head of SSA syndicate. “Issuers are testing the strength of the market to find out what level investors will take. That price discovery process is part of the purpose of syndications.”

This amount of pricing power issuers ...

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