KfW shines in hectic week for SSAs in dollars

27 May 2011

Heavy buying from central banks and bank treasuries has given sovereign, supranational and agency borrowers an extraordinary run in the dollar market this week despite the continuing low yield environment with $9.25bn of tightly priced supply being absorbed with ease.

The highlight of the week was the $5bn five year global from KfW, which was the largest five year dollar bond by the issuer and, at mid-swaps plus 1bp, posted the tightest five year pricing of the recent wave of issuance.

But Rentenbank and OKB were also successful with ...

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