Debt markets: SSA dollar issuance surges

When the Federal Republic of Germany enters the capital markets for a syndicated foreign-currency deal you know the circumstances must be special. Past weeks were remarkable as Austria joined its neighbour: both returning to the dollar market for the first time in four years. A number of Europe’s frequent issuers took advantage of the substantial saving available from issuing in dollars and swapping back to euros.

When the Federal Republic of Germany enters the capital markets for a syndicated foreign-currency deal you know the circumstances must be special. Past weeks were remarkable as Austria joined its neighbour: both returning to the dollar market for the first time in four years. A number of Europe’s frequent issuers took advantage of the substantial saving available from issuing in dollars and swapping back to euros.

 

value of SSA issuance in first half of September

“It has been a remarkable September.

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