Société du Grand Paris, a French agency that plans to sell its debut bond issue later this year, has launched the first ever Green Euro Medium Term Note programme — a move that bankers and experts said could bring a range of benefits to the issuer and the wider SRI market.

Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.

Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.

A German sub-sovereign astonished the SSA market this week, selling a 50 year benchmark to show that, despite the expectations of rising rates in euros, some investors at least are still happy to put money into assets at the ultra-long end. Lewis McLellan reports.

Products offering investors the chance to protect their returns from rising rates are making a comeback in the MTN world after years of dormancy thanks to the interest rate environment.

An MTNs banker, who resigned from HSBC’s EMTN desk two weeks ago, will be returning to the BNP Paribas MTNs desk.

European agencies are seeing increased interest from investors for socially responsible investing (SRI) themed private placements, with some expecting the market to grow in size.

An MTNs banker has resigned from HSBC.

The world’s first bond denominated in Uzbekistani soum was listed on the London Stock Exchange on Wednesday morning. The bond, issued by the International Finance Corporation, is expected to be the first step in the country’s growing ambitions for a capital markets presence.

Supranationals expect to increase the local currency portion of their funding activities over the next few years, thanks to tightening financial conditions in dollars.

Public sector borrowers looking for dollar funding are likely to have to go even shorter than they have been used to after this week’s Federal Open Market Committee meeting, said SSA bankers.

Turkey’s Garanti bank has sold its first ever social bond, issuing a $75m private placement. The bond was purchased by the International Finance Corporation as part of its Banking on Women Programme.