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SSA MTNs and CP

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  • Asian Development Bank sold its first Singaporean dollar deal in nearly six years on November 6 in a S$500m ($402m) private placement.
  • SSA
    Bank Nederlandse Gemeenten will polish off its funding target for the rest of the year with small deals, similar to a pair of trades it placed early this week.
  • SSA
    Several sovereign, supranational and agencies looking to diversify their investor base have ramped up their private placement issuance this year. But the smartest borrowers have looked past medium term note programmes and are investigating the Schuldschein and Namensschuldverschreibung formats — two markets that have moved beyond their German origins and are attracting more international investors and issuers.
  • The burgeoning offshore renminbi bond market claimed three firsts this week, amid suggestions that some of the moves trialled by issuers could become commonplace.
  • SSA
    The European Investment Bank revisited the Czech koruna market for the first time since 2011 this week, raising Ck500m ($26.8m) with a December 2023 floating rate note.
  • SSA
    The Euro-commercial paper market proved its resilience to events across the Atlantic this week as an exodus of investors from US money market funds failed to dent appetite for the instrument — bolstering hope that the sector will breeze through a potentially similar situation next year.