Currencies
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China’s domestic bond market is poised for another landmark transaction with Standard Chartered Bank (Hong Kong) opening books to a special drawing rights-denominated bond on Tuesday. -
Austria is looking to stretch its curve to hitherto untapped lengths, as it mulls a 70 year euro benchmark. Also seeking duration, Rentenbank pushed out its curve, printing a bond at 20 years for the first time ever.
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The African Development Bank could follow the lead of the World Bank in issuing a bond denominated in special drawing rights, its treasurer has told GlobalCapital.
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The International Finance Corporation tapped a July 2026 Australian dollar bond for A$50m ($38.1m) on Monday. As part of its efforts to increase the minimum size of its 10 year Kangaroo taps from A$20m to A$50m, the IFC found investors to top up an initial A$30m reverse enquiry.
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Citic Group has become the first Chinese issuer to tap the Japanese yen market in 16 years, opening the door for borrowers from the mainland to access liquidity in the Samurai market.
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Standard Chartered Bank (Hong Kong) is set to become the first commercial issuer of special drawing rights-denominated bonds. The group’s head of capital markets for Greater China and north Asia told GlobalRMB that the notes are testament to StanChart’s commitment to develop the renminbi markets.
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Portugal’s bond yields fell to levels last seen in early September, as investor worries eased over a vital ratings review of the sovereign by DBRS this Friday.
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The long end will stay very much in vogue for euro issuers next week — which SSA bankers are predicting could be the last big window of issuance for the year.
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A pair of Nordic public sector borrowers showed the strength of green bond market, printing a pair of well received trades, both of which were priced inside the issuers’ conventional bond curves.
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Spain has auctioned 50 year debt for the first time, wiping more than 80bp from its cost of funds compared with when it first syndicated the paper nearly six months ago.
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Tanner Servicios Financieros reignited Chilean issuers' involvement in the Swiss franc bond market on Wednesday by issuing a Sfr150m ($151.7m) three year note.
