Bankers advise caution after dollar new issue party

By Nathan Collins
03 Apr 2014

A trio of SSA issuers took to the dollar market this week to sell aggressively priced deals, filling gaps in supply at the front end and belly of the curve. However, while deals this week may have thrived at very tight levels, syndicate officials have warned that issuers may need to be more reasonable in the levels they demand in the near future.

“Issuers will try and push pricing even tighter,” said one London based SSA syndicate banker. “But the problem is we’re not dealing with a lack of supply anymore. Investors are going to demand new issue premiums again. They can still price tight, but if they are too aggressive ...

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