SSA - All articles

  • Markit Data 1239

    • 27 Jan 2012
  • Smart switch buoys resurgent Irish sovereign and buys time

    Ireland began to repair its capital markets standing this week with a canny debt exchange that cut as much as €3.5bn from the looming maturity it was facing in two years’ time, while buying it more than a year.

    • 27 Jan 2012
  • Cades ‘best ever’ in euros, joy for EIB too

    Cades (Caisse d’Amortissement de la Dette Sociale) and the European Investment Bank took advantage of the bullish market this week to issue euro benchmarks, both of which exceeded the expectations of the issuers and lead managers.

    • 27 Jan 2012
  • Retail retreats from Nokkie SSAs to corporates

    Norwegian krone new issues are finally slowing as the Eurozone crisis, originally a key driver of the market’s explosive growth last year, saps retail buyers’ appetite for dominant sovereign, supranational and agency borrowers.

    • 20 Jan 2012
  • Euro SSAs set for dollars after ADB, NR wow

    The Asian Development Bank opened this week’s dollar business with a knock-out $3bn five year transaction that Network Rail was able to follow with its own impressive deal, suggesting a strong bid exists for highly-rated SSA names free of association with the European crisis.

    • 13 Jan 2012
  • Freddie impresses with successful 10 year return

    Freddie Mac took the dollar market by storm on Thursday with a runaway 10 year success, highlighting the massive shortage of supply at the long end. It is the first 10 year GSE trade since Freddie Mac issued back in March 2009.

    • 13 Jan 2012
  • Offshore buyers propel KfW Kanga return

    KfW issued the first Kangaroo bond of the year on Thursday — a A$250m tap of its 6.25% 2021s — in an Australian dollar market very different to what it was this time last year.

    • 13 Jan 2012
  • EU boosts confidence with 30 year success

    A crucial test of appetite for the European Union’s credit — a 30 year bond issue that the borrower has been trying to bring to the market since late last year — was this week passed with flying colours. The deal attracted a book of over €5bn, allowing the issuer to print €3bn.

    • 13 Jan 2012
  • Upgraded Indonesia stretches out sovereign supply with 30 year

    The Republic of Indonesia raised $1.75bn from a 30 year bond this week, selling the largest and longest debt transaction in Asia so far this year. The transaction proved that investors are still hungry for strong names from the region in what has been a strong start to 2012 for Asia’s bond markets.

    • 12 Jan 2012
  • Indonesia raises $1.75bn in latest bond from top name

    The Republic of Indonesia raised $1.75bn from the sale of 30 year bonds this week, selling the largest and longest debt transaction in Asia so far this year — and proving that investors are still hungry for strong names from the region.

    • 11 Jan 2012
  • Indonesia keeps up long tenor sovereign supply

    The Republic of Indonesia launched a benchmark 30 year dollar bond issue on Monday, becoming the second Asian sovereign this year to tap international investors, after a $1.25bn deal from the Philippines last week.

    • 10 Jan 2012
  • Indonesia plans Rph240tr debt sales this year

    The Republic of Indonesia plans to raise Rph240.3tr ($26.4bn) from domestic and foreign currency bond issuance this year, an increase of almost 18% above the year before, Barclays Capital analysts said in a report last week.

    • 09 Jan 2012
  • RBS bankers admit 5,000 job cuts, confident on debt

    Royal Bank of Scotland bankers have responded with a mixture of resignation, frustration and impatience to leaks about the strategic review of its investment bank. Sources say the bank envisages a maximum of 5,000 job cuts in its investment bank, half the number reported elsewhere this week.

    • 05 Jan 2012
  • Kexim leads Korean issuers with dual-tranche deal

    Export-Import Bank of Korea (Kexim) launched a benchmark sized, dual-tranche deal on Wednesday, making an early start to its funding plans and offering cash-rich investors a chance to begin the year with exposure to a well-regarded credit.

    • 05 Jan 2012
  • Philippines kicks off sovereign bond supply

    The Republic of the Philippines approached investors with a benchmark 25 year dollar bond on Wednesday, drawing several billions dollars of demand before the deal was even offered to buyers outside Asia.

    • 05 Jan 2012
  • Philippines eyes early dollar bond

    The Republic of the Philippines is finalising the size and maturity of its dollar bond issue and is planning to launch the deal this week or next, continuing with its usual practice of selling international debt at the start of a new year.

    • 04 Jan 2012