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
-
Iceland’s progress towards capital market rehabilitation after the collapse of the country’s banking system accelerated on Thursday with the launch of a 10 year dollar RegS/144A bond. The comeback process started a year ago with a highly successful $1bn five year dollar deal, which was twice subscribed. -
Spain and France navigated successfully through potentially dicey government bond auctions on Thursday amid the French presidential election process and speculation about the extent of the Spanish economy’s ill health.
-
The SSA market is only open this week for German state-guaranteed issuers as holidays in Europe and Asia, a plethora of data, and French and Greek elections all conspire against wider issuance. But next week could be livelier, with the Republic of Iceland — 2011's comeback-kid — making its second foray into international markets after the meltdown of its banking system.
-
Oil and gas producer Pertamina raised $2.5bn from a dual-tranche bond late last week, proving that demand for Indonesian credits remains strong despite a record amount of supply from the country this year.
-
Italy auctioned bonds on Friday following Spain’s two notch downgrade by Standard & Poor’s to BBB+. In spite of a rocky trading session in the morning, Spanish and Italian government bonds were not much wider on the day by the afternoon, leading SSA bankers to hope that the downgrade will not have much impact on the prospects for new issuance.
-
The United Kingdom Debt Management Office opened its syndicated borrowing programme for the new financial year in fine style on Tuesday with a £4.75bn tap of its 3.75% 2052 Gilt. The syndication produced the borrower’s first bookbuild of under 50 minutes and garnered a book of almost £10bn. Another highlight was a 12% international distribution.
