IFC hits sub-Libor target as investors lap up SSAs

07 Apr 2011

The International Finance Corporation became the first supranational to achieve sub-Libor funding for a five year bond since 2008 when it issued a $2bn global on Monday. The deal highlighted the strong demand for SSA product at the short end of the dollar curve.

The European Investment Bank was also able to take advantage of the appetite for short dated triple-A assets, issuing a $4bn three year deal.

And next week’s trades — most probably coming in the last issuance window before Easter — could include a three or five year issue from ...

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