SSA
SSAs brace for ‘challenging environment’ in euros
Public sector borrowers will have to contend with much more difficult funding conditions in euros when they arrive en masse following the summer beak, according to SSA bankers.
22 Aug 2019
SSA
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Supranationals & Agencies
SSA dollar names pile into topsy-turvy market
The World Bank was one of a bevy of SSA dollar issuers raising a total of $8.4bn this week, with most of the trades indicating that investors coming back from the summer were having to decipher a completely different market to the one they left.
21 Aug 2019 -
Supranationals & Agencies
EBRD attracts new blood with Sofr debut
The European Bank for Reconstruction and Development had a triumphant debut deal linked to Sofr this week, with the borrower drawing new investors that had never been in its books before.
21 Aug 2019 -
Supranationals & Agencies
KfW gets bumper Nokkie green light
KfW brought its revamped green framework to the Norwegian krone market to print a deal on Tuesday.
22 Aug 2019
Other news
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Georgieva looks shoo-in for IMF job amid no-show by rivals
Europe’s candidate to take over as the next head of the International Monetary Fund received a boost this week after the body’s executive board called for the age limit to be raised and hopes receded of a rival candidate stepping forward.
22 Aug 2019 -
KDB prices tightest and largest Korean Kangaroo
Korea Development Bank moved to place the largest Korean Kangaroo earlier this week, a note that was also priced more tightly than any other Korean-issued Aussie dollar deal.
22 Aug 2019 -
UK gets big bid for 2046 tender
The UK was over two and half times covered for a tender of long end Gilt on Thursday.
22 Aug 2019 -
ESM expected in dollars next week
The European Stability Mechanism is expected to use its scheduled funding window next week to issue a dollar bond after it did not send out a request for proposals for a euro deal as it usually does, according to market participants.
21 Aug 2019
Bond Comments
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World Bank USD3.5bn 1.5% Aug 24
22 Aug 2019 -
EBRD USD600m FRN Aug 22
22 Aug 2019 -
KommuneKredit EUR500m 0% Aug 30
22 Aug 2019 -
Land Schleswig-Holstein EUR500m 0.2% Aug 39
08 Aug 2019 -
EIB GBP800m 0.75% Nov 24 Climate Awareness Bond
01 Aug 2019 -
World Bank USD500m FRN Aug 24
01 Aug 2019 -
Land NRW EUR1.5bn 0.8% Jul 49
25 Jul 2019 -
KfW GBP650m 0.875% Sep 26 green bond
25 Jul 2019 -
NRW.Bank USD1bn 1.875% Jul 24
25 Jul 2019 -
L-Bank USD2bn 2% Jul 24
18 Jul 2019
Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals.
View SSA dataAwards
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GlobalCapital Bond Awards 2019 : the winners
23 May 2019 -
GlobalCapital Bond Awards 2018: the winners revealed
23 May 2018 -
The winners: GlobalCapital Bond Awards 2017
24 May 2017 -
The winners: GlobalCapital Bond Awards 2016
25 May 2016
Sovereigns
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SSAs brace for ‘challenging environment’ in euros
Public sector borrowers will have to contend with much more difficult funding conditions in euros when they arrive en masse following the summer beak, according to SSA bankers.
22 Aug 2019 -
This is the end for new issue premiums
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UK gets big bid for 2046 tender
Supranationals & Agencies
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SSAs brace for ‘challenging environment’ in euros
Public sector borrowers will have to contend with much more difficult funding conditions in euros when they arrive en masse following the summer beak, according to SSA bankers.
22 Aug 2019 -
KfW gets bumper Nokkie green light
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Georgieva looks shoo-in for IMF job amid no-show by rivals
Sub-sovereigns
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Auckland issuer packs bag for European tour
Auckland Council appointed banks on Monday to arrange a roadshow for a euro benchmark with an intermediate to long maturity, in what will be its first bond in the currency since 2017
21 Aug 2019 -
Bremen extends maturity curve to offer positive yield
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Laender expected to follow Schleswig-Holstein into long end
MTNs & CP
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Scandi taps flow after summer break
Volumes are growing across the spectrum in the Scandinavian MTN markets, as issuers and bankers return from their summer holidays. Meanwhile, bankers are expecting Scandinavian investors to move further out along the credit curve in response to negative yields as dovish Nordic central bank tones could lead to a bullish Scandinavian market.
13 Aug 2019 -
SNCF brings century bond
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KfW debuts green framework in Hong Kong dollars
People & Markets
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Georgieva looks shoo-in for IMF job amid no-show by rivals
Europe’s candidate to take over as the next head of the International Monetary Fund received a boost this week after the body’s executive board called for the age limit to be raised and hopes receded of a rival candidate stepping forward.
22 Aug 2019 -
BAML finds Amor for EM rates
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People moves in brief
Comment
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This is the end for new issue premiums
How can capital markets professionals talk about new issue premiums when it is becoming normal for issuers to price bonds at negative yields?
22 Aug 2019 -
The temptation of ultra-long sovereign bonds
The US Treasury is considering issuing 50 or 100 year bonds. It's not the only sovereign looking into whether the time is right to take advantage of investors' desperation for yield by locking in low rates with ultra-long dated funding. Indeed, this could be the dawning of the golden age of the ultra-long government bond.
20 Aug 2019
Special reports - all asset classes
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Sustainable Bond Markets Roundtable 2019
14 Aug 2019 -
Sovereigns, Supranationals and Agencies 2019
30 Jul 2019 -
Global ABS 2019 Day Two
18 Jun 2019 -
Global ABS 2019 Day One
18 Jun 2019 -
Uzbekistan 2019
08 May 2019 -
Hungary 2019
07 May 2019 -
Road to Sarajevo 2019
07 May 2019 -
Asia Outlook 2019
28 Mar 2019 -
Japan in the Capital Markets 2019
25 Mar 2019 -
SFIG 2019 Day 2
27 Feb 2019 -
SFIG 2019 Day 1
27 Feb 2019 -
TD Securities Risk-Free Rates Roundtable
21 Dec 2018
