NRW.Bank goes intraday as dollar bid sizzles

By Tessa Wilkie
15 May 2014

Public sector issuers that ventured into dollars this week were inundated with demand, allowing them to bring a series of oversubscribed deals in the short to medium part of the curve. Others are tipped to follow if conditions are stable next week — after a stormy afternoon of trading across credit markets on Thursday.

Japan Bank for International Cooperation and Kommunalbanken are among the issuers that could tap dollars next week if conditions are decent. The five year part of the curve is where the strongest demand is, although JBIC could look to do fives and 10s, according to one SSA banker.  ...

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