UNPRECEDENTED levels of activity in the fixed rate dollar market continued with over $11bn raised in the first four days of this week -- including the largest ever dollar Eurobonds from the World Bank and its sister organisation, the IFC. The supranationals launched benchmark transactions on Tuesday, adding to the $4bn issued by US agency Fannie Mae in the global market the day before. Total fixed rate dollar issuance this year stands at over $39bn, some $13bn more than in the first five weeks of 1997.
February 06, 1998