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

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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