Currencies
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Investment grade Chinese issuers are lowering their costs of funding in the euro bond market as the region’s liquidity improves, while the door also remains open to high yield issuers with operations in Europe, according to panellists speaking at the China DCM summit in Beijing last Thursday.
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This week's funding scorecard looks at the progress French agencies have made in their funding progress so far this year.
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Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully covered.
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Two French borrowers and one from the Netherlands pulled off successful deals this week, proving that the market is still open for borrowers at the right price, but both investors and issuers remain nervy.
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Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.