SSAs should not ignore the dollar signs

19 Jul 2010

While the euro market has headed off to the beach, the dollar market remains wide open for SSA borrowers. With KfW having shown just what is possible — twice in as many weeks — bankers were calling for the EIB to follow the German development bank and launch a dollar deal. It is sound advice that the supranational borrower has followed: if the year has taught public sector issuers one thing, it is to take issuance opportunities when they present themselves.

It’s not just lunch that’s for wimps. Summer holidays too. Indeed, while most European buyers have shrugged their shoulders and cleared off on holiday for the next six weeks, dollar investors are still very much open for business, ready and willing to carry on buying public sector bond ...

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