Bank of England shines in dollar mart
Bank of England took the limelight in the dollar market this week. The eagerly awaited $2bn three year issue, led by BNP Paribas, Goldman Sachs, HSBC and Morgan Stanley, drew orders of $3.7bn before books were closed and pricing was set at mid-swaps plus 37bp, well inside 40bp area guidance. EDC is in the market with a three year at plus 40bp and SFEF is expected with a similar trade shortly. Read EuroWeek on Friday for coverage of all SSA transactions.
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