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Bloc to price new five year and 20 year tap as Rome set to end dollar hiatus
A Kilt will pay a spread over Gilts it cannot justify on credit, which makes it a political gesture rather than a funding tool
◆ How UK's likely next PM can woo the bond market ◆ Fibre ABS coming to Europe ◆ The rise of the corporate Kangaroo
UK government can find direction by being determined on defence and green growth
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Wednesday will be debut day in the green bond market, with Ireland preparing a 12 year inaugural euro benchmark and Société du Grand Paris (SGP) out with a 10 year that will also be its first bond issue of any kind. Both must contend with a market backdrop rife with Italian politics-driven turbulence, although SGP’s deal has so far had what one lead called “one of the strongest starts I’ve seen for a French issuer”.
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The UK Debt Management Office won big demand for a reopeing of its longest outstanding bond on Tuesday, with a final order book that was over five times covered.
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MUFG has put in place a new management structure, which sees a number of its businesses run globally but from outside Japan. The bank has also crowned several regional and deputy regional heads.
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The Islamic Republic of Pakistan’s outstanding dollar bonds received a boost on Tuesday after the country turned to the IMF for assistance. Addison Gong reports.
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A fresh Italian government bond market sell-off on Monday is unlikely to impact issuance from public sector borrowers during the rest of the week, according to SSA bankers.
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Chinese stock markets led the decline among all major Asian indices on Monday, as woes in the region’s bond market also continued. Debt issuers aiming to kick off their deals this week have their work cut out for them.