China stymies dollar mart after Europe takes $7.5bn

By Tom Porter
13 Aug 2015

Widespread concern over China’s currency strategy put the brakes on European banks’ use of the dollar market this week, which began with a $7.5bn raid on the currency by four borrowers.

Three of the UK’s biggest banks raised $5bn in senior and sub notes across the curve in the dollar market on Monday, while ING Bank beat them all on size with a four tranche $2.5bn trade.

But this was to be the only European FIG supply of the ...

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