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Higher rates from the outbreak of the war have enhanced callable MTNs' yield appeal
◆ Tobias Landström on recent dollar three year trade ◆ Investors keen for short-dated dollar paper ◆ Dollar and euro funding levels have improved
◆ AIIB's Darren Stipe on cementing top tier status ◆ Cross-currency funding changes ◆ AIIB printed around $1bn dollar callables last year
Varied issuance in senior credit this week, including blue and green bonds, as ultra-long vanilla duration returns in SSA private placements
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A cost saving measure from the French government could mean that the French sub-sovereign debt market could be unrecognisable in a few years.
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Mariam Abraham, a medium term note and private placement dealer at Rabobank International in London, left the bank last week, GlobalCapital understands.
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France’s Région Bretagne has revisited the medium term note market following its debut in the format last week. The deal comes at a time of uncertainty for many regions in France as the government redraws the country’s administrative map.
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MTN issuance in Africa could be set for a boom over the next six to 12 months, as dealers receive an increasing number of reverse enquiries.
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France's Région Bretagne printed its first ever medium term note on Wednesday, in a move to diversify its investor base and achieve more competitive terms on its debt.
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Finnish export credit agency Finnvera priced a third and last issue of the year on Thursday, with what is only its second deal in euros.