ESM-EFSF
-
-
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. -
The European Stability Mechanism is going further down the curve than ever before and has mandated three banks to sell a 40 year bond.
-
With the market anticipating that the European Central Bank (ECB) will extend quantitative easing on December 3, issuers are heading further down the curve to offer investors an attractive level.
-
The European Stability Mechanism is requesting proposals for a bond issue in its deal window next week — but some SSA bankers said the small size required meant it would be a good deal for syndicate banks to miss.
-
Public sector borrowers are putting the final touches to their funding programmes for the year amid stable market conditions, but there are few signs that any will pre-fund for 2016 in large size.
-
-
A supranational is set to add a new point on its curve this week, as a German region prepared to bring its third benchmark of the quarter.
-
With limited opportunities left to buy primary SSA debt this year, demand is likely to be strong for European Stability Mechanism’s next benchmark.
-
Even-handed European Stability Mechanism is out with a mandate for another bond but which banks will it pick this time?
-
The belly of the curve was the place to be this week for public sector borrowers in euros — but any other benchmarks before the end of the year are likely to be further out the maturity curve.
-
