
Sovereigns
Italy mandates for debut green BTP
Italy picked the banks to lead its debut green bond on Tuesday after unveiling its sovereign green framework to investors last week.
Italy picked the banks to lead its debut green bond on Tuesday after unveiling its sovereign green framework to investors last week.
KfW rebooted the short end of the euro public sector bond market on Tuesday with a well subscribed trade which offered a modest new issue premium.
Sameer Rehman, director of debt and capital markets at TD Securities in London, is heading back to Toronto after 12 years in the UK to focus on Canadian public sector borrowers.
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, March 1.
A return to dollar funding by SSA borrowers capitalising on higher yields last week dragged the average subscription ratio lower.
The UK is set to announce the world’s first sovereign green bonds for retail investors.
Germany's public sector issuers lead from the front
At the end of June GlobalCapital and DZ Bank brought together some of Germany’s leading public sector bond issuers to discuss the impact of the coronavirus pandemic on their capital markets activities...
Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals.
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GlobalCapital has held its Bond Awards every year for the past 12 years — but never like this.
The UK’s plan to launch the world’s first sovereign green bonds for retail investors is a welcome addition to the suite of sustainable fixed income products. It might be costly for the Treasury compared to what it can raise in the Gilt market but there are plenty of reasons why it is a good idea.
UK chancellor of the exchequer Rishi Sunak is preparing to unveil his latest budget on Wednesday. Leaks point to a package of tax hikes and spending cuts. But a repeat of the discredited model that the Conservative Party, of which he is a member, embraced to tackle the 2008-2009 financial crisis would miss a huge opportunity to finance growth just when borrowing costs are as low as they will ever be. Austerity will prove a false economy that drives investment elsewhere.
KfW rebooted the short end of the euro public sector bond market on Tuesday with a well subscribed trade which offered a modest new issue premium. The deal shared the euro SSA market with the State of Baden-Württemberg’s debut green bond.
The Asian Infrastructure Investment Bank issued its second bond in Indian rupees via a private placement this week. Elsewhere, as rates rise, MTN dealers are finding attractive opportunities in other key Asian markets.
Sameer Rehman, director of debt and capital markets at TD Securities in London, is heading back to Toronto after 12 years in the UK to focus on Canadian public sector borrowers.
The UK’s plan to launch the world’s first sovereign green bonds for retail investors is a welcome addition to the suite of sustainable fixed income products. It might be costly for the Treasury compared to what it can raise in the Gilt market but there are plenty of reasons why it is a good idea.
UK chancellor of the exchequer Rishi Sunak is preparing to unveil his latest budget on Wednesday. Leaks point to a package of tax hikes and spending cuts. But a repeat of the discredited model that the Conservative Party, of which he is a member, embraced to tackle the 2008-2009 financial crisis would miss a huge opportunity to finance growth just when borrowing costs are as low as they will ever be. Austerity will prove a false economy that drives investment elsewhere.