Euro

Italy announced on Monday the banks to lead its first ever 50 year syndication, a bond planned since May.

Société Anonyme de Gestion de Stocks de Sécurité (Sagess) has picked four banks to arrange an investor roadshow for a euro bond, its first to be eligible for purchase by the European Central Bank.

Bankers on and off the deal deemed the African Development Bank’s first foray into the euro market a success, thanks to the borrower's cautious approach to size and pricing.

The green bond market began with deals from only the world’s top credits. But now, companies and financial institutions are a growing part of the sustainable bond world. Their commitment to the sector will be crucial in helping it reach full capacity — a necessity if the monumental task of financing the world’s transition to sustainability is to be achieved before it’s too late. But the market is still in its nascent stages, and there is much work to do before even senior unsecured green bonds are standardised, giving both issuers and investors the confidence in the asset class needed to scale it up effectively. GlobalCapital sat down with 13 market professionals on the sidelines of the Euromoney/GlobalCapital Sustainable & Responsible Capital Markets Forum in Amsterdam in September to talk about the big issues in the market.

Rating: Aa2/AA/AA

Rating: Aaa/AAA/AAA

In a week of firsts for the green bond market the Agence France Trésor (AFT) has outlined to GlobalCapital its plan to issue a bond next year in the hitherto untapped sovereign green bond market. Lewis McLellan and Craig McGlashan report.

The African Development Bank’s (AfDB) funding team will be “heroes” if the issuer’s debut euro benchmark is a success this Friday, said SSA bankers away from the deal.

The African Development Bank’s funding team will be “heroes” if the issuer’s debut euro benchmark is a success on Friday, said SSA bankers away from the deal.

CK Hutchison raised $1.25bn and another €1bn ($1.12bn) on Wednesday, whetting investors’ appetite with a good marketing strategy and wise timing, according to bankers.

Agence France Trésor tapped into strong pent-up demand to draw a bumper book and print its largest inflation linked benchmark since the 2008 financial crisis — despite offering just a few basis points of new issue premium.

The European Stability Mechanism has reduced its funding needs for the final quarter of 2016 by €500m, leaving it with €6bn to raise over the next three months.