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◆ Deal covers record five out of six EU Taxonomy objectives ◆ Issuer commits to annual EuGB issuance ◆ Timed to beat heavy green traffic
French bank has been in pole position in the MTN and private placement market
‘Outstanding year’ of funding overall for the bank in across currencies, €800m left to fund until year-end

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  • SSA
    All three public sector borrowers in the euro market on Tuesday received record order books, despite the spreads tightening by up to 5bp during pricing — which left little to no concessions for investors.
  • Corporación Andina de Fomento (CAF) will break the silence of the public sector dollar market this week, after circulating initial price thoughts on Tuesday for its first benchmark of the year in the currency.
  • The UK Debt Management Office showed no effects from the ‘noisy UK environment’ to comfortably conclude its 2018/19 syndicated programme on Tuesday. KfW will add to the sterling SSA supply this week after picking banks for its third benchmark in the currency this year.
  • France should take advantage of strong market conditions to issue its planned 30 year syndication before any potential volatility arises, according to analysts.
  • Portfolio manager Bill Gross, regarded as a legend of the fixed income investment world, announced his retirement on Monday, after a torrid year for the global unconstrained bond fund he managed at Janus Henderson Investors.
  • The European Investment Bank on Monday selected the five year part of the curve for its second euro benchmark of the year. The issuer will be hoping to replicate the recent success of public sector agencies in that tenor, including KfW, which achieved a record breaking book for its five year last week.
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