Origin, an electronic platform for private placement issuance, went live on Monday, with six investment banks and more than 20 borrowers having access to the beta version.
US money market fund reform is finally here, after eight years in the making. A volatile and testing 2017 will show us whether the wait has been worth it. Lewis McLellan reports.
SSAs are turning to the MTN market to meet investor requests and to pick up some pre-funding in December, with the bulk of their funding needs for the year completed.
Appetite for 30 year callable zeroes in dollars has been bolstered by Donald Trump’s victory in the US elections and the resultant hike in bond yields around the world.
The European Investment Bank added a A$100m ($75.5m) tap to its August 2026 Kangaroo bond on Monday, before following up with its first Mexican peso trade since the US election.
The International Finance Corporation has launched its first short dated index linker, which it has designed to draw in funds from US retail investors.
MTN issuers and dealers have been dismissive this week of plans by the Financial Conduct Authority to prevent banks gaining league table credit from loss-making trades.
The words “unintended consequences of regulation” usually send a shiver down the spine of capital markets participants, but new US rules coming into effect next week are having the opposite effect for some public sector bond issuers.
French agency Unédic is looking to set a trend with its new medium term note format to replace its BMTN programme as the chosen vehicle for one to six year debt
Central bank policies are diverging like never before, with the European Central Bank and Bank of Japan setting deeply negative rates — and the BoJ attempting to influence the longer end of the curve — while the US Federal Reserve is on a rate rising path. That dynamic throws up opportunities and challenges for public sector borrowers, writes Craig McGlashan.