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The International Finance Corporation returned to the Czech koruna bond market after a 21 year absence this week to place the largest SSA deal in the currency since 2015. -
Mizuho MTN banker Alain Sanz-Gadea has moved to Rabobank.
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The European Union felt it paid little over its benchmark curve for a €150m medium term note (MTN) that will finance the last of three disbursements to Tunisia.
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The European Union sent round a request for proposals (RFP) on Tuesday to dealers ahead of a €150m 15 year trade, following on from the EU’s €20m return to the MTN market last month.
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Finnish agency Municipality Finance has faced a decline in callable MTN issuance this year as investors shun the format and move “more and more towards benchmarks with greater liquidity”, according to funding manager Martin Svedholm.
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The European Bank for Reconstruction and Development has printed a pair of tightly priced currency linked notes, showing that investors are accepting lower yields in return for exposure to potential currency appreciation.
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The African Development Bank returned to its inaugural Norwegian krone social bond to increase the trade to Nkr1bn ($109.4m) this week, as it looks to move its social bond framework into other currencies, including dollars.
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The European Union returned to the MTN market for the first time since 2017 on Monday to finance the first of three €20m disbursements to Moldova.
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German agency KfW revisited the Norwegian krone market yet again on Tuesday to place its 15th trade of the year in the currency. The deal brings KfW’s Nokkie issuance up to a record Nkr17bn ($1.9bn) for the year to date, according to Dealogic, Nkr250m more than its previous 2011 record.
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German tyre manufacturer Continental rolled into the market on Wednesday, one week after it priced its debut floater in the MTN market last week. The manufacturer had enjoyed several years away from the capital markets, before returning in September with a series of public deals. Elsewhere, political events in Turkey have left lira issuance surrounded in “uncertainty.”
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Nivaura, the fintech firm seeking to digitise primary markets using blockchain technology, has hired a former managing director from HSBC syndicate.
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Corporate, FIG and SSA issuers placed floating rate notes this week, pegged to Euribor, Sonia and Libor. With so many issuers coming to market, bankers are interested to see which other borrowers 'take advantage of the liquidity'.
