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Tobias Rischen joined the European Investment Bank in Luxembourg on Monday as an associate funding officer. -
Emirati state-owned Mamoura Diversified Global Holding returned to the MTN market this week to sell its first private placement since its parents’ merger in 2017.
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Brussels jumped into the long end this week, printing the longest MTN in over a month.
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Muenchener Hypothekenbank (MunHyp) harnessed the growing demand for environmental, social and corporate governance (ESG) paper in the Swiss market to land a tap 7bp through the bid side this week. Elsewhere, Toyota ended a 12 year absence from the Swiss franc market to sell the currency’s first automobile deal of the year.
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Dutch agencies were active in core currency MTN markets earlier this week, including FMO, which sold its first currency-linked bond for almost a year.
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CPPIB Capital made its debut in South African rand this week with an ‘old school MTN’ at the short end of the curve.
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Belgium dropped into the long end of the euro curve to place a 100 year bond this week – its first private placement for seven months.
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The Asian Development dropped into the dim sum market on Wednesday to sell the first note from an SSA issuer in almost three weeks. Despite the recent absence of SSA names, the asset class is on pace for a record year.
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The MTN market’s increasing focus on SSA issuance over the last year will ensure a steady flow of deals through the upcoming bank reporting season.
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Norwegian krone SSA supply is outpacing Swedish kronor so far this year, driven in part by a demand for zero risk weighted assets in the market. Among the latest names to access the Norwegian market is the African Development Bank, which sold a new social bond as part of a dual-currency issue.
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Deutsche Telekom dialled in to the Aussie dollar market after an almost two year absence this week, extending its curve to 2041.
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Oesterreichische Kontrollbank (OeKB) debuted its sustainability framework in Norwegian kroner this week. With dollar swap spreads compressed, opportunities are opening for competitive funding in other, more niche markets.
