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SSA MTNs and CP

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  • Supranationals and agencies will be at the forefront of a post-summer resurgence in the medium term note market, believe dealers. SSA MTN volumes have already begun to climb following a first half of the year characterised by record lows.
  • Offshore renminbi’s public sector fan base is growing, with Asian Development Bank printing a rare private MTN in the currency and Export Development Canada debuting a public bond in the format.
  • Asian Development Bank has placed its first private medium term note in renminbi, joining a swell of offshore renminbi MTNs in the past month.
  • CEE
    The Republic of Slovenia on Thursday ripped into the private placement market for the first time, fulfilling a desire at the ultra long end.
  • French rail operator SNCF Réseau joined the 100 club this week and now wants to print more ultra-long debt, but investors and MTN dealers doubt demand will support it. Jonathan Breen reports.
  • Spain’s Instituto de Crédito Oficial has raised over $100m equivalent with a private medium term note in Brazilian reais, and is keen to print more MTNs in the currency.