SSA issuers hike new issue premia in tougher conditions

By Tessa Wilkie
23 Oct 2014

A pair of borrowers braved dollar issuance this week after volatility in US Treasuries last week led to a pair of undersubscribed deals. But so far the market recovery has taken the shape of a pair of ultra conservative German borrowers at the short end of the curve. Bankers will have to wait until next week to see an issuer test demand in the belly of the curve.

Sweden is rumoured to be looking at a five year dollar benchmark, while KommuneKredit is tipped for a three year print and Council of Europe is also thought to be looking at printing. A five year from Sweden would likely come in the low single digits through swaps, ...

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