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◆ Premium paid ◆ More market-makers required ◆ Buy-and-hold investors prevent scalability
Social bonds have become an established part of the funding market for supranational, sovereign and agency borrowers, with a steady output of about €140bn a year from all kinds of issuer, since the exceptional surge during the pandemic.
◆ Big order book comes after lull in 10 year issuance ◆ Investors chase scarcity and yield ◆ De-dollarisation could 'still be true'
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◆ Investors flock to first EU deal in second half ◆ €147bn book, 'another smooth ride' ◆ 1bp-1.5bp premium paid -
Markets are proving ever more resilient in the face of shifting policy
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KfW to go head-to-head with EU again while IADB prepares 10 year dollar
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◆ Strong bids for euros and German bonds on show ◆ Deal came inside of secondary, pricing target ◆ €3bn left to do, another euro deal 'most likely'
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◆ Transaction increased ◆ Premium debated ◆ Lack of competing supply
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Price advantage and strong treasury demand brings borrowers back for more
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
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