SSA issuers need a rethink

摘要

Banks are pushing public sector issuers to rethink how they approach the euro bond market, after recent deals struggled to gain traction in primary. SSA investors are expected to be awash with cash this month, with €107bn flowing back into their pockets from government coupon payments and redemptions, versus €84.9bn in March and €85.5bn in February, according to ING research. However, there are fears they will not put the cash to work at current levels, particularly in core European names.