Top Section/Ad
Top Section/Ad
Most recent
Firm is building debt capital markets franchise in multiple directions
Specialist with over 20 years’ experience hired for new role
Private placements may have hung around much longer than first expected but their dominance may be at an end
Financial institutions triple issuance in the currency this year, while corporates make greater use of euro and sterling taps
More articles/Ad
More articles/Ad
More articles
-
KfW marked the 10th anniversary of its euro benchmark programme this week with a rare increase of its January 2021 benchmark by Eu2bn to Eu6bn. Bankers described it as the most successful tap ever seen in the euro market.
-
KfW printed a spate of large trades in dollars and sterling this week. Although the borrower is offering low levels at the short end, volatility surrounding the foreign exchange swap allowed investors to buy the borrower’s paper at more attractive levels.
-
Commonwealth Bank of Australia last week became the first Australian bank to sell an MTN denominated in Swedish krona. However, the likelihood of Australian banks doing more deals in the currency will depend on the basis swap between Swedish krona and US dollars, bankers said.
-
Portugal insisted this week that it still had access to international capital markets, with the country’s top debt management executive claiming that it was business as usual for its MTN programme.
-
Dealers were hopeful that government guaranteed issuance could soon take off in the MTN market after HBOS launched the first CDs off such a programme this week. But the prospect of such supply also caused confusion, as although investors have been interested in such paper, dealers are unsure how to price the new asset class.
-
The world Bank is again targeting socially responsible investors with its latest retail offering, a Eu250m one year 3.85% fixed rate bond, marketed by Dekabank to customers at 16,000 Sparkassen-Finanzgruppe branches across Germany.