Sovereigns

  • Investors back off SSAs in favour of credit

    Investors back off SSAs in favour of credit

    Some investors are moving cash out of the sovereign, supranational and agency bond sector and looking to deploy resources in high grade corporate credit, thanks to improved valuations in that sector and the threat coronavirus poses to sovereign debt sustainability.

    27 Mar 2020
  • EU leaders tussle over corona bond response

    EU leaders tussle over corona bond response

    The EU took serious steps towards helping member states deal with the cost of the coronavirus crisis this week, with the European Central Bank removing the issuer limits from its emergency purchase programme and the Eurogroup reaching agreement on a new credit line from the European Stability Mechanism.

    26 Mar 2020
  • SSAs pile into bond market to fight Covid-19

    SSAs pile into bond market to fight Covid-19

    Public sector borrowers returned en masse to the primary bond market this week, with many selling new issues with an explicit focus on providing emergency financing in response to the coronavirus outbreak.

    26 Mar 2020
  • SSAs pull in €11.5bn across euro curve

    SSAs pull in €11.5bn across euro curve

    The SSA market appears to be well and truly up and running, with four SSA borrowers hitting screens for new bonds in euros on Thursday, pulling in an impressive €11.5bn with deals from three to 30 years

    26 Mar 2020
  • ECB limit removal cranks in spreads

    ECB limit removal cranks in spreads

    The European Central Bank announced on Wednesday night that it would be removing the self-imposed limits on its holdings of sovereign debt for its €750bn pandemic emergency purchase programme.

    26 Mar 2020
  • ‘DMOs have to be bold’ says Spain’s de Ramón-Laca

    ‘DMOs have to be bold’ says Spain’s de Ramón-Laca

    Spain led the way back into primary bond markets in no uncertain terms this week, raising a staggering €10bn of seven year cash and demonstrating that, in spite of the worst bear market in history, investors are still happy to buy at the right price.

    26 Mar 2020
  • Your country needs you, investment bankers

    Your country needs you, investment bankers

    The 2008 financial crisis forged a generation of investment bankers well versed in advising governments — and with many having returned to banking, they are likely to be in demand again.

    26 Mar 2020
  • Austria and AfDB to bring bonds to fight Covid-19

    Austria and AfDB to bring bonds to fight Covid-19

    The Republic of Austria and the African Development Bank announced new bond transactions on Wednesday which will be used to provide emergency financing in response to the coronavirus outbreak.

    25 Mar 2020
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