LatAm Bonds
-
The European Investment Bank re-opened the five year dollar market this week with a $3.5bn global bond, the supranational’s largest ever transaction in the five year tenor.
-
Orders of Eu10.7bn for a five year tap for the Hellenic Republic this week suggested that syndication rather than the traditional auction route is the most efficient approach for peripheral governments to take when increasing bonds.
-
HSBC’s £12.9bn rights issue was the first beneficiary of the optimism that swept through markets on Thursday after the G20 agreed on co-ordinated action to end the financial crisis.
-
Some Eu15bn of five year supply hit the sovereign, supranational and agency market this week as demand shifted out from the short end of the curve.
-
Standard & Poor’s downgraded Ireland’s credit rating from AAA to AA+ on Monday and warned that the country’s debt could suffer a further downgrade if it does not bring its public finances under control.