The European Investment Bank failed to impress market participants on Tuesday with an order book far smaller in size than usual for an Earn benchmark and no move in the spread after guidance.
A flurry of dollar issuance hit the market on Tuesday, covering a wide range of spreads and formats.
Germany sold a 30 year green bond via syndication on Tuesday, pricing the trade 2bp through its conventional twin bond of the same maturity and coupon.
SSA issuers are flocking back to the dollar and euro market this week after seemingly just pausing for breath over the last two weeks, when deals were thin on the ground with many of the top tier names well ahead on their funding rates.
The debate over SSA underwriting fees, ignited by the EU’s decision to publish a lower fee schedule, is raging on with bankers and issuers saying it is pushing other topics aside.
The dollar market filled up on Monday with mandates from a broad range of SSA borrowers.
Germany has picked banks for its eagerly awaited 30 year green bond.
KommuneKredit made a strong return to the sterling market on Friday with its biggest ever single offering in currency.
Germany's public sector issuers lead from the front
At the end of June GlobalCapital and DZ Bank brought together some of Germany’s leading public sector bond issuers to discuss the impact of the coronavirus pandemic on their capital markets activities...
Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals.
View SSA data
GlobalCapital has held its Bond Awards every year for the past 12 years — but never like this.
Public sector borrowers should be careful what they wish for. Those looking to follow the European Union’s lead in lowering the underwriting fees they pay to banks could cause an unwelcome distortion to their market at a time when getting funding through the door with minimal drama is perhaps more crucial than ever.
Public sector borrowers should be careful what they wish for. Those looking to follow the European Union’s lead in lowering the underwriting fees they pay to banks could cause an unwelcome distortion to their market at a time when getting funding through the door with minimal drama is perhaps more crucial than ever.
The Province of Ontario ended an absence of almost four years from the Swiss franc market this week to land a 12 year note at fair value. Elsewhere, Valiant Bank and Pfandbriefbank kept the domestic market ticking over with a handful of covered deals.
CPPIB Capital made its debut in South African rand this week with an ‘old school MTN’ at the short end of the curve.
The debate over SSA underwriting fees, ignited by the EU’s decision to publish a lower fee schedule, is raging on with bankers and issuers saying it is pushing other topics aside.
.png){kind=logo}
GC Asia
