The Annual RBC Capital Markets US Dollar SSA Roundtable

January 19, 2010 12:00 AM

The dollar market for sovereign, supranational and agency (SSA) borrowers hit the ground running at the start of 2009, with borrowers such as SFEF and the World Bank issuing record-breaking $6bn benchmarks early in the year. Perhaps more important than the size of individual deals in 2009 were the trends in the distribution of dollar benchmarks issued after the first quarter. These featured a notable rise in the participation of US real money accounts in the primary market for SSAs, suggesting that a new and durable investor base has now emerged for public sector borrowers eager to maximise the diversity of their funding sources. In the annual EuroWeek/RBC Capital Markets US Dollar SSA Roundtable, a number of SSA borrowers shared their thoughts on key trends in the market.

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