Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
'Everyone is ready for summer to be over' as SSA wave builds for Monday
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
More articles/Ad
More articles/Ad
More articles
-
The Republic of Portugal sold its first MTN in a year and a half this week — a €50m January 2018 note. The issuer’s return is a tentative one. It raised the cash through a conservative structure that gives investors the option each year to put the note.
-
The €3bn 15 year deal from the European Union could be the last large euro benchmark of 2012, say SSA bankers struggling to find candidates willing to issue this side of Christmas. Those that still need cash are focused on the dollar market and those that don’t have little incentive to pre-fund.
-
Finnvera, the Finnish agency which this week mandated banks for its debut international bond, is looking to raise debt in the belly of the yield curve — four years and longer — as it embarks on a fundraising programme in the global debt markets.
-
The United Kingdom’s Debt Management Office (DMO) issued a 32 year benchmark on Wednesday morning in what one syndicate banker called a "textbook" trade.
-
A barnstorming 144A debut by the Republic of Slovenia this week has afforded the issuer the opportunity to mull its options in a variety of other currencies. This is a remarkable turnaround for a borrower whose 10 year euro yields spiked north of 7% over the summer on speculation that it would be the next country to take a European Union bail-out. The deal is the latest of a spate of central and eastern European sovereigns tapping dollars in highly successful trades this year.
-
A punchy pricing from Sweden this week has given SSA bankers renewed confidence that dollar buyers will take down supply despite the meagre spreads on offer, just as the International Finance Corporation (IFC) is about to come to market.