SSA trio lines up for five year dollar paper

Three SSA borrowers were set to come to market for five year paper on Wednesday, with two targeting fixed rate benchmarks and the other a five year floater linked to the secured overnight financing rate.
The European Bank for Reconstruction and Development has selected Bank of America, Daiwa Capital Markets, JP Morgan and Nomura to run the books for a five year dollar global referencing the Sofr compounded index. The issuer is targeting $500m, and the leads have circulated
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