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Issuers struggle over what concessions investors will require
Issuance in March was never going to be hefty after a record start to the year
Government borrowing costs are rising on local and international markets, and credit ratings are falling
Sovereign also added $300m to a long-dated dollar note
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We need to broaden the definition of a greenium beyond new issue pricing metrics -
Sovereign in ‘comfortable’ funding position as Samurai hits size target, says public credit head
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Sovereign drops seven year and sees limited price tension but hits size target
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Recovery in sentiment has wobbled in run-up to Jackson Hole
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If there were lots of pent-up supply, more issuers would have jumped through the recent window
