SSAs print big in Uridashi but competition grows

By Kathleen Gallagher
10 Apr 2014

Supranationals and agencies are taking advantage of Japanese investors eager to kick start their fiscal year, which began on April 1, by printing large Uridashi and medium term notes. SSA bankers are urging borrowers to place as many deals as they can before competition from higher yielding classes of issuer increases.

Japanese retail investors’ yield desires and their increasing comfort with international credits is driving demand, said bankers. That helped the Asian Development Bank print two larger than normal Uridashi this week — a R$280m ($126.4m) four year clip on Tuesday and a TL625m ($297.3m) three year note on ...

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