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Debut took a long time but established market access, says country's debt chief
As the Middle East war shakes bond markets, non-sovereign public sector issuers are proving their safe haven status
Sovereign keeps funding guidance unchanged for 2026 but warns against 'adverse effects on growth'
The country is one of the most versatile sovereign issuers, printing across multiple formats
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Slovakia will not be making use of the European Stability Mechanism’s pandemic crisis support lines, because of concerns that investors would look negatively on the decision.
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The European Central Bank delivered a welcome — and bigger than expected — increase to both the size and scale of its Pandemic Emergency Purchase Programme (Pepp) on Thursday, causing eurozone periphery spreads to ratchet in while staving off concerns of debt sustainability for the moment. Lewis McLellan reports.
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The Spanish treasury has invited investors to join a call on Friday to discuss the sovereign’s recently updated funding programme for the year.
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The interest cost savings may not be enough to entice some countries to accept the European Stability Mechanism’s pandemic crisis loans, with Portuguese and Cypriot officials expressing doubt.
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Estonia returned to the capital markets on Wednesday after 18 years away, introducing itself to a new set of investors as an SSA borrower.
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Italy once again asserted its market access on Wednesday, raising a staggering €14bn — its biggest single tranche bond ever. The new issue was timed just ahead of Thursday’s ECB meeting, at which the governing council is expected to expand its Pandemic Emergency Purchase Programme (Pepp).