Investors scramble for dwindling SSA supply

By Tessa Wilkie
11 Sep 2014

Sovereign, supranational and agency borrowers this week enjoyed conditions that smacked of the exuberance of 2006 and 2007, but those issuers wanting to take advantage of supply-starved investors next week will have only a narrow window — as a Federal Open Market Committee meeting, a holiday in Japan and Scotland’s vote on independence will make opportunities for issuance few and far between.

Issuers that could be on the cards include Municipality Finance and African Development Bank, which are thought to be considering dollar mandates.

The best conditions in the currency are on offer at the short end of the curve — where a well of unrequited central bank demand ...

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