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SSA MTNs and CP

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  • Asian Development Bank has become the second ever borrower to sell Armenian dram denominated paper.
  • SSA
    Northcross Capital, the specialist manager that sponsors the Anglesea Funding asset backed commercial paper (ABCP) conduit, launched two of the first new ABCP vehicles structured seen in years: Glencove Funding and Longship Funding.
  • Société du Grand Paris, a French agency that plans to sell its debut bond issue later this year, has launched the first ever Green Euro Medium Term Note programme — a move that bankers and experts said could bring a range of benefits to the issuer and the wider SRI market.
  • Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.
  • Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.
  • SSA
    A German sub-sovereign astonished the SSA market this week, selling a 50 year benchmark to show that, despite the expectations of rising rates in euros, some investors at least are still happy to put money into assets at the ultra-long end. Lewis McLellan reports.