Issues
-
Lending to country dips after busy 2023 -
Short bookbuild and fixed price are being used to de-risk the transaction
-
◆ Pricing above 8% confused rival bankers who put fair value in high 7% ◆ Large size deemed motivator for the trade ◆ Likely refi of $2.75bn in AT1 calls later this year
-
◆ Five year trade among the tightest this year ◆ Small single digit premium needed to seal the deal ◆ Investors came in after pricing despite the tight spread
-
-
When it comes to monitoring comms, surely what’s good for the banking goose is good for the governmental gander
-
◆ Which banks sell in run-up to rate cuts ◆ South Africa election and the bond market ◆ Saudi Arabia leaves peers behind
-
Uncertainty over interest rate cuts creating big market swings means this year's phenomenal primary market for credit will deteriorate
-
Deal pipeline quietly building in undersupplied market
-
Corporates kept pricing dollar deals this week despite equity market volatility, while analysts warned of a reduction in supply
-
Wide spreads have insulated eurozone periphery borrowers from rates volatility — for now
-
◆ Market volatility no hindrance for foreign and domestic FIG issuers ◆ They take advantage of favourable conditions ◆ May volume to end more than 80% higher compared with a year ago
