Niche takes centre stage as price trumps size for SSAs

Kangaroo 230x150
By Jonathan Breen, Nathan Collins
21 Aug 2014

Kangaroos and Kauris — not dollars and euros — could grab the attention of supranational agencies in the coming months, with price rather than prodigious volumes likely to be the issuers’ focus as they flirt with near-completed funding targets. Jonathan Breen and Nathan Collins report.

Many SSA issuers are already 75% or more through their funding targets and some have already reduced their funding targets for the year, meaning the traditional September benchmark deluge could be more of a steady trickle. But the expected low level of benchmark supply from SSAs is creating ...

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