Americas
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On Thursday, Prologis, the US-based warehouse Reit group, became the first issuer from its sector to issue a green bond, when it sold a €300m 10 year deal. -
After weeks of speculation, Paraguay will finally hit the road next week as Lat Am syndicate bankers point out that spreads in the region have recovered well after a turbulent month.
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Recent hints from Ecuador’s finance minister Carlos de la Torre that the South American sovereign is considering a euro-denominated bond issue should be met with caution, according to a report from Quito-based Analytica Investments.
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Mexican funding officials will visit Tokyo next week to update Japanese bond buyers, GlobalCapital understands.
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The new issue US dollar bond market roared back to life as volatility dropped and corporates took advantage of favourable conditions with $17bn of supply coming from 19 borrowers.
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In the wake of Venezuela’s launch of petro, an oil-backed digital currency under the control of the nation’s central bank, a host of sovereign cryptocurrency products have emerged. For some nations, it is a ploy to circumvent sanctions but, for others, it could provide an important piece of future infrastructure for blockchain based settlement.
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The total issuance of investment grade corporate bonds in February was an underwhelming €14.8bn but the property sector has outshone all others in 2018 and this week was no different as investors had further diversification to consider.
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Six of the nine investment grade corporate new issues in the last week of February were announced with a three letter acronym that, while providing clarity, served to frustrate investors keen to see greater volumes of issuance. WNG stands for “will not grow” and this week told investors that the meagre sized deals would not be increased, irrespective of demand.
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Insurance firm Chubb brought two tranches of senior debt to the market on Thursday, to raise €1.8bn in its first ever euro deal.
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Baidu-backed video streaming service iQiyi and Chinese hotel operator GreenTree Hospitality Group are readying a pair of US IPOs for the end of March to raise a combined $1.7bn.
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Latin American sovereign Mexico will be visiting Tokyo next week to update Japanese bond buyers, GlobalCapital understands.
