Dollars make a comeback while subscriptions slide

By Johan Lai
20 Apr 2021

The dollar market roared into life last week, with the largest number of SSA deals in the currency since January 2020 — just under $20bn. However, subscription ratios for the currency were rather weak at 1.58 times.

Both the SSA and the corporate bond markets suffered a tumble in the average subscription ratio last week after a spike in the week commencing April 5. The average SSA deal was 3.2 times subscribed, the second lowest so far this year — the lowest being the week ...

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