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SSA

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SSA
Weakness observed, but liquid issuers in defensive maturities with ‘good concession and a bit of yield’ have little to fear
‘Outstanding year’ of funding overall for the bank in across currencies, €800m left to fund until year-end
SEC exemption 'crucial' for IDA with spreads to World Bank and other tier one SSAs to converge over time

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  • The UK’s new Brexit Bond Management Office is still preparing to issue its first notes, originally scheduled for last Friday. The Brexit-themed Gilts are sized at £36.4bn, equivalent to £350m a week over their two year maturity.
  • Outsiders often see Japan’s debt market as a staid place, where the maturity of investors and issuers leaves little room for innovation. The development of the green bond market puts the lie to that idea.
  • Japanese issuers’ supply of green bonds has rocketed in recent years. The country boasts a more diverse set of borrowers and a broader distribution of proceeds than many of its peers but further market development will present unique challenges, writes Morgan Davis
  • Forget the anti-EU politicians preparing to make gains in the upcoming European Parliament elections. Just as in the eurozone crisis, it is the incumbents holding up reform in the bloc.
  • The European Bank for Reconstruction and Development plans to raise its new investment to more than €10bn in 2019 for the first time in the bank’s history, after suffering a fall last year as it took a hit to its profits. By Phil Thornton.
  • JPM securitization banker leaves — Goldman Brexiter quits for politics — Balax enrols in fintech course
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