EIB, Rentenbank sell dollars against the tide

08 Sep 2011

Prospective SSA issuers of dollar product are few and far between, say bankers, despite the improving basis swap for European issuers as investors remain name-specific and focused only on the very best of supranationals and German agencies.

And while issuers can offer attractive spreads over US Treasuries, the continuing fear of implosion in the Eurozone market coupled with plummeting underlying yields means the market is only open to the best of the best — and even they have to be nimble in jumping into the ...

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