The MTN market is rapidly making up for a sedate start to the year with a flurry of niche currency trades, including the world’s first bond in Myanmar kyats.
Origin, an electronic platform for private placement issuance, went live on Monday. While some dealers believe the system may be too costly for the service it provides, the market abuse regulation (MAR) could make the system more valuable.
The market for medium term notes is expected to come to life over the next few weeks after a subdued start to 2017, with some bankers and issuers touting floating rate notes as the next big thing.
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.