Latest sovereign news

• Saudi returns to conventional market

  

  Saudi Arabia will return to the international capital markets this year and has named leads for a triple tranche conventional bond.

  • 12:30 PM

• Jordan asks for long-term commitment

  

  Jordan is this week on the road and is looking to extend its bond curve out to 30 years. Its longest outstanding bond to date is due to mature in January 2027.

  • 12:00 PM

• Masala bonds get lifeline with RBI rule tweak

  

  In a fillip to the Masala bond market, the Reserve Bank of India is excluding offshore rupee-denominated bonds from the investment limits for foreign portfolio investors in corporate debt, effective October 3.

  • 11:30 AM

• SSA secondary pricing update: featuring Austria's century bond

  

  Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

  • 22 Sep 2017

• China’s downgrade won’t scare investors

  

  China’s downgrade by S&P caused an initial wave of surprise in the market on Thursday, but the rating change will ultimately be a non-event, despite the sovereign plotting a return to dollar bonds shortly.

  • 22 Sep 2017

• BondMarker results: Austria’s century venture scored

  

  The eurozone’s first ever 100 year syndication launched last week, much to the excitement of the SSA market. Read on to see how the BondMarker voters rated Austria’s €3.5bn effort, as well as trades from Finland, Kommuninvest, Nordic Investment Bank, European Investment Bank and Dexia.

  • 21 Sep 2017

• Russia woos new investors with dual tranche increase

  Russia tapped its dollar denominated June 2027 and 2047 bonds on Wednesday, with a lead saying that many names new to the sovereign had bought into the debt reopening.

  • 21 Sep 2017

• Contrasting fortunes in Iberia

  

  The Spanish central government’s stand-off with the executive in Catalonia over an upcoming independence referendum is failing to worry Bono investors — but some bankers believe the market could soon be hit by a bout of volatility unless an agreement is reached. The Spanish situation was in marked contrast to the country’s western neighbour, as Portugal enjoyed a strong week after regaining investment grade status from S&P.

  • 21 Sep 2017

• Smart Slovenia wins praise for clever bond exchange

  Slovenia tapped two euro bonds for €700m this week to exchange investors out of some of its dollar debt, in a move that bankers said shows the issuer is one of Europe’s most astute borrowers.

  • 21 Sep 2017

• Ukraine $3bn return blows out but sags in secondary market

  Ukraine made a barnstorming return to the international bond market this week and extended its curve to 15 years, though the new deal has slipped below reoffer in the secondary market.

  • 21 Sep 2017

Sovereign news archive