EU set to take centre in euro SSA market next week after RFP post

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By Burhan Khadbai
24 Feb 2021

The European Union will dominate the euro public sector bond market next week after sending banks a request for proposals (RFP) on Wednesday for its second Support to Mitigate Unemployment Risks in an Emergency (SURE) transaction of the year.

A head of SSA DCM said a deal in the ultra long end by the EU was “less likely” as a result of the “overhang of supply” in this part of the curve.

A shorter maturity is therefore more likely.

“Up to 10 years is extremely well bid ...

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