All tenors open thanks to euro sell-off

By Lewis McLellan
14 Nov 2019

All maturities are open for deals in the euro market, thanks to a widening in benchmark spreads over the past few weeks. SSA issuers are taking advantage of the conditions by issuing in a range of tenors.

Agence Française de Développement hit the long end with a 15 year bond, raising €750m and tightening its spread by 4bp from initial price thoughts, landing 2bp inside its curve. Bank of AmericaHSBCNatixis and Société Générale ran the books for the deal.

The issuer was initially targetting €500m ...

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