ESM-EFSF
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A series of oversubscribed deals among core issuers could encourage Austria to seek a print in the current market.
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The European Financial Stability Facility and Nederlandse Waterschapsbank on Tuesday brought euro benchmarks in five and seven year maturities. Now much more at those tenors is expected. -
A bevvy of public sector borrowers are lining up euro deals for Tuesday and beyond — but some are opting to hold back price thoughts amid a cluttered and volatile backdrop.
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A healthy euro benchmark pipeline is building for next week, with one supranational looking to print and a pair of sovereigns believed to be considering deals, after a week that didn’t finish as strongly as it started for core issuers.
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KfW raised €3bn with a slow burning seven year benchmark on Thursday, leaving SSA bankers wary about the threat of over saturation in the currency as several issuers mull deals for next week.
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The European Stability Mechanism is seeking ideas for a bond issue next week, as the euro market burst back into life following a holiday across much of Europe on Wednesday.
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The European Stability Mechanism has announced a 23% increase in funding for 2016 as well a diversification play into privately placed issuance in its December newsletter.
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Spreads to Bunds tightened on Thursday following a European Central Bank meeting that disappointed market participants expecting more stimulus, leading to a sell-off of German government debt.
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The European Stability Mechanism said it would disburse €2.72bn to recapitalise Piraeus Bank on Monday, drawing upon the €10bn in funds earmarked for the Greek recovery for the first time.
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The eurozone’s rescue fund forged a new benchmark maturity in public sector bond markets this week, treating yield-starved investors to a 40 year deal that was doubled from a launch size of €500m, writes Virginia Furness.
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European Stability Mechanism rounded off its funding for the year in spectacular fashion on Tuesday. Not only did it double the size of its deal but it printed the longest ever bond from a supranational.
