Euro
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The World Bank has chosen leads to run a euro benchmark that will be the first from the borrower in nearly two years.
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Investor appetite is returning to the short end of the euro SSA curve, with yields rising as the European Central Bank weans issuers off its asset purchase programme.
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Société du Grand Paris, a French agency that plans to sell its debut bond issue later this year, has launched the first ever Green Euro Medium Term Note programme — a move that bankers and experts said could bring a range of benefits to the issuer and the wider SRI market.
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Greece is not likely to join the European Central Bank’s Public Sector Purchase Programme after it exits its bailout programme, according to a senior rates strategist.
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The European Stability Mechanism on Tuesday won huge demand for its first five year euro benchmark since October 2015, showcasing returning investor appetite in the short end of the curve.
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A public sector borrower that plans to debut in the bond markets this year has taken the novel step of making its Euro Medium Term Note programme green.
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The European Stability Mechanism has appointed leads for its first five year euro benchmark in nearly three years.
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S&P Global Ratings has revised Greece’s outlook from stable to positive, with an upgrade on the horizon if the sovereign meets certain criteria.
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Find out how far European sovereigns have progressed in their 2018 plans at the start of the third quarter.
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