World Bank has closed the subscription window for its first index-linked green bond marketed to US retail investors, the first of many such green structures it plans to sell into the US.
Mexican peso issuance levels could rise if the euro's volatility stays at levels it hit last week, said syndicate bankers, as World Bank tapped the currency with a private green bond.
Dollar deals are dominating European sovereign, supranational and agency commercial paper issuance thanks to a falling euro/dollar cross currency basis swap. European SSAs are also enjoying strong demand for their sterling paper, driven by banks’ withdrawal from CP.
The Finnish City of Seinäjoki made its capital markets debut this week with a €40m private placement as the country’s municipalities increasingly show interest in accessing the bond markets directly.
Finnish municipality City of Seinäjoki debuted in the capital markets this week, as interest grows among the country’s municipalities to access the markets directly.
Public sector issuance of floating rate notes may drop after the benchmark three month Euribor rate fixed at a sub-zero level this week for the first time, throwing up potential added costs for issuers.
Supranational issuers are the big winners in the world of ultra-low money market yields, after their first quarter euro commercial paper issuance soared by 92%.
There was a very interesting moment for Leak this week when sifting through the responses from MTN bankers asking about voting in this year’s Bond Awards.