Rates sell-off hampers auctions but SSA market still running hot

Lewis McLellan

September 30, 2021 08:14 PM

Charts of financial instruments with various type of indicators including volume analysis for professional technical analysis on the monitor of a comp

Plunging prices present buying opportunity for hungry investors

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Lewis McLellan

SSA

SSA bonds ‘absolutely hammered’ by swap spreads as imbalance takes toll

Bund-swap spreads are heading to unchartered territory with little to stop them, which could cause a headache for SSA issuers

Addison Gong, October 24, 2024
Supras and agencies

IFFIm injects record bond into dollar market

◆ Issuer lands records in joint largest transaction ◆ Spread to World Bank ◆ Bigger size attracts more investors

Elias Wilson, October 24, 2024
Supras and agencies

Kommuninvest finds success with short dated dollar deal

◆ Swap spread moves help issuer's spread to US Treasuries ◆ No-grow deal many times covered ◆ Investors expecting rate cuts turning to short end yields

Elias Wilson, October 23, 2024
SSA

DEEPDIVE: World Bank finds new ways to grow lending, creates 'enhanced' callable capital

Innovations since 2023 have added $150bn to 10 year lending capacity, but full reform of MDB capital adequacy remains in future

Jon Hay, October 23, 2024
Supras and agencies

KfW prints at tightest spread to Treasuries with two year print

◆ Deal thought to be KfW's dollar benchmark finale for year ◆ Tight Treasury pricing beats World Bank's 6.9bp record spread ◆ Issuer has no need for a big benchmark

Elias Wilson, October 22, 2024
Sovereigns

Italy surprises some with €13bn dual tranche syndication

◆ Dual-tranche deal attracts €200bn of orders ◆ New seven year was somewhat unexpected ◆ Bookbuilding started with 4bp of premium

Addison Gong, October 22, 2024