Extreme volatility hits dollar deals
A pair of dollar deals in the sovereign, supranational and agency sector failed to cross the line this week, coming on a day when turbulent US Treasury markets made book building tough. Issuers lining up deals for next week may have to be prepared to pay more of a new issue premium because of this week’s tricky conditions.
KommuneKredit is rumoured to be looking at a three year next week and Council of Europe is another name tipped to be mulling a print. But after a pair of $1bn five year trades failed to hit full subscription in highly volatile credit and rates markets, issuance conditions
...
Already a subscriber? Login
Further Reading
-
SRI / Green Bonds
UK’s green Budget ‘underwhelming’ as gaps, contradictions appear
-
Sovereigns
Italy smashes green debut as Germany prints first 15 year via auction
-
Sovereigns
UK to issue two green Gilts in 2021 as new £12bn infra bank confirmed
-
The View
Green retail bonds make sense, if not economic sense