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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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Export Development Canada made light work of its debut euro benchmark on Wednesday, with the deal heavily oversubscribed and printed 3bp tighter than price thoughts. While applauding the deal, some on-looking SSA bankers felt the level on offer might have been slightly generous — although they admitted that fair value is always fuzzy on an inaugural trade. -
The Kangaroo bond market’s recent bounce kept pace this week as Asian Development Bank on Tuesday raised an additional A$100m ($71.6m) with a tap of an existing A$250m issue. Bankers are confident that more supply could follow.
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Asian investors this week took their largest slice of a European Stability Mechanism bond issue since 2014 — a sign that the region’s buy-side was treating the eurozone as a “safe haven”, according to a person close to the deal.
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Emirates Development Bank, an agency guaranteed by the United Arab Emirates, hit screens for its debut five year Reg S benchmark on Wednesday, with initial price thoughts that looked promising to bankers away from the deal.
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The Russian sovereign is expected to come to market for a Eurobond, perhaps as early as March, but some investors are concerned that the strained diplomatic relations between Russia and the West make its paper too dangerous to invest in.
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The EU’s first piece of sustainable finance legislation sets rules for green investment indices. That is all well and good, but more promising is a hint that all the ordinary indices may have to admit how un-green they are.
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Sponsored by RBC Capital Markets
Canada’s public sector borrowers on issuance, inflation and international presence
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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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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