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Demand let A rated sovereign cut spread by 35bp
Investors hope a government more open to fiscal tightening will come to power in 2026
Bank intends to issue more hybrid capital but ‘more MDBs need to print’ for new asset class to grow further
The country has not printed a Eurobond for nearly five years
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The South America sovereign should be praised for taking first mover risk
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An exchange targeting domestic investors accounts for most of $850m print
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South America sovereign eyes $3.7bn across local and international markets
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Congress allows new government to issue extra $2bn
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Supranational’s sterling debut to follow inaugural green Kangaroo