© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 161 Farringdon Rd, London EC1R 3AL. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions | Cookies

SRI

Top section

Top section

SSA

Roundtable: European sovereign issuers look to varied maturities to bring in new investors

Amid tight budgetary conditions, including persistent inflation, volatile markets and geopolitical tensions, sovereign issuers in the EU face continuous pressure to fulfil borrowing requirements. Simultaneously, these same issuers are having to confront different challenges that range from the growing impact of hedge funds in their order books, and whether this is a good or a bad thing, how to convince new investors that their home currency, the euro, is an alternative to the dollar and how aligned EU capital markets should become and what form this should take. GlobalCapital assembled sovereign debt issuers to discuss borrowing requirements and how they are being met, what the diversification of their investor bases means for the products they offer and the benefits of harmonisation and simpler regulation in the EU.
Eighteen year facility backed by EIFO comes as interest in energy infrastructure mounts

Masdar borrows $5.1bn for UAE solar project, bond take-out to come

Strong appetite from international banks for first gigascale 24/7 solar plant

Maire grows sustainability-linked Schuldschein to €300m

Italian energy engineering company exercises option to borrow further €115m
Eighteen year facility backed by EIFO comes as interest in energy infrastructure mounts
Sub-sections
  • Europe’s high grade corporate bond market was populated with well rated issuers on Wednesday, as triple-B borrowers took a cautious approach and stayed away after the Easter weekend.
  • The European Leveraged Finance Association and the Loan Market Association are teaming up to produce guidance for incorporating ESG criteria into leveraged loan terms, with a timeline to publish standards by the end of April. The aim is to provide the infrastructure for the leveraged loan market to adopt ESG standards more widely.
  • KfW will be the next public sector issuer joining the action in the dollar bond market. It has picked banks for a two year bond, taking advantage of hefty swap spreads at the short end of the curve. The trade follows a slew of longer dated deals on Wednesday.
  • The European Commission’s draft Taxonomy for Sustainable Activities will stymie green bond issuance as it’s based on an unfair system that excludes mortgages on many countries’ most energy efficient buildings.
  • SSA
    Italy and Portugal are the first two eurozone sovereigns out of the blocks for syndications following the Easter break, with the former looking to extend its curve by a further five years.
  • CEE
    Mobile TeleSystems, Russia’s largest mobile operator, has sold a social bond in roubles, as it became the latest major Russian corporate to foray into ESG financing. The issuer has not ruled out a return to international markets, although in recent years it has pivoted towards domestic funding.