Extreme volatility hits dollar deals

By Tessa Wilkie
16 Oct 2014

A pair of dollar deals in the sovereign, supranational and agency sector failed to cross the line this week, coming on a day when turbulent US Treasury markets made book building tough. Issuers lining up deals for next week may have to be prepared to pay more of a new issue premium because of this week’s tricky conditions.

KommuneKredit is rumoured to be looking at a three year next week and Council of Europe is another name tipped to be mulling a print. But after a pair of $1bn five year trades failed to hit full subscription in highly volatile credit and rates markets, issuance conditions ...

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