SSAs breathe easy as Canada pulls $15bn at 15bp through Libor
A $3bn five year global bond from Canada and a $5bn three year from the European Investment Bank this week sent a strong message that the SSA world remains buoyant despite a sharp rally in prices.
The two deals were priced at deep sub-Libor levels Canada at less 15bp and the EIB at less 10bp and both were heavily oversubscribed, giving confidence that investors still care for SSA product even though it has fallen out of Libor plus territory.
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