ESM-EFSF
-
-
Supply-starved investors pounced on new euro benchmarks from the European Stability Mechanism and Agence Française de Développement this week, the first since the UK’s Brexit vote. -
Public sector borrowers are in the middle of a monster week of borrowing, with seven benchmarks hitting screens so far.
-
The European Stability Mechanism reopened the euro benchmark markets for SSA borrowers on Tuesday with a €5bn dual tranche deal.
-
The European Stability Mechanism has selected banks for a large, dual tranche transaction, expected to price on Tuesday.
-
The European Stability Mechanism has appointed Pierre-Henri Floquet as head of asset and liability management (ALM) and lending.
-
Read on to see how far through their funding programmes European supranationals and agencies have progressed.
-
Supranationals were able to take €8bn out of the long end of the euro curve this week amid another week of demand for duration, but the deals arguably suggest the strength of that interest could be waning, said bankers.
-
-
Supranational issuers are lining up to tap the long end of the euro curve, with the European Investment Bank set to price an April 2032 benchmark and the European Financial Stability Facility printing a dual tranche deal.
-
The European Financial Stability Facility is the biggest confirmed name for euro issuance next week, with a wide variety of trade options open to it, according to bankers.
-
A slumbering euro market for core issuers kicked into life on Wednesday, as Nederlandse Waterschapsbank looked to take advantage of a strong bid for duration and the European Financial Stability Facility sent out a request for proposals for its deal window next week.
