Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
UK government can find direction by being determined on defence and green growth
Nine banks chosen to run £1.5bn borrowing programme
‘Notably better’ spread cements sovereign’s standing, thanks to triple-A rating and solid fiscal position
All as expected by the market, but lack of more details regarding bill issuance somewhat disappoints
More articles/Ad
More articles/Ad
More articles
-
The state of Israel returned to the yen market for the first time in 18 years this week to raise ¥15bn ($140m) of seven year debt. The private placement marks the state’s third visit to the capital markets in 2019 and its first non-euro trade of the year. -
The supranational and agency bond market’s love affair with green and socially themed bonds has reached a new intensity. Most large issuers now have programmes and they are deepening them with new assets. Government issuance is less advanced, but will soon overtake, as sovereigns copy the high profile, signalling deals of their neighbours. Jon Hay reports
-
Germany’s constitutional court said this week that the EU had not exceeded its powers when establishing the first two pillars of the banking union, dismissing a law suit brought forward by a group of academics.
-
India’s plan to sell its first international bond has been caught in a battle of wills between the ministry of finance and the government. While any issuance is likely to be received well by the market, the sovereign should hold off on a deal until it is ready to present a united front to investors.
-
The world’s poorest countries receive just a trickle of investment from debt and equity capital markets, despite new figures showing that overall foreign investment is now about as large as official aid payments.
-
Investors’ fears were realised on Thursday when the Turkish central bank lowered its key policy rate by 425bp. Analysts joined them in saying that the move will provoke a return of inflation, damage the lira and complicate loan pricing.
