Borrowers flock to scorching dollar mart

By Lewis McLellan
15 Apr 2021

SSA borrowers flooded into the dollar market this week, bringing forward deals targeted for later in the year to take advantage of the superb conditions.

“Issuers know these conditions are not necessarily going to last for ever,” said a head of public sector DCM. “That’s why we are seeing them streaming into the market like this.”

World Bank took centre stage in the dollar market, raising $8bn across two tranches — $3bn at ...

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