Bank of England set to lead dollar charge despite downgrade

08 Mar 2013

A clutch of dollar SSA transactions are scheduled for next week, with the Bank of England leading the charge on Monday with its annual $2bn three year transaction. The deal will test investor appetite for the UK central bank as a double-A rated issuer for the first time in its issuing history.

Other potential candidates for next week are Bank Nederlandse Gemeenten, FMS Wertmanagement and the Asian Development Bank, all looking at three or five year trades, while FADE could test investor appetite for more euro denominated Spanish government guaranteed debt following the successful €1bn five year print by Instituto ...

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