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Sovereigns

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◆ Issuer’s first public dollar deal since late 2021 ◆ New five, 10 and 30 year offered simultaneously ◆ Interest from European sovereigns grows for dollars
SSA
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
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  • CEE
    The Republic of Poland has set final terms for its €1bn 8.5 year green bond, with books over €3.4bn at the last market update. A banker away from the deal called the final level tight.
  • Fixed income investors expect central bank tightening to lead to a flattening of the yield curve, according to a survey released in the same week as Janet Yellen’s final Federal Open Market Committee meeting as US Federal Reserve chair.
  • CEE
    The Republic of Poland, which issued the world’s first sovereign green bond, has returned for another bite of the apple, naming leads for a new issue.
  • SSA
    A superlative start to the year for the SSA sterling market has caught the eye of BondMarker voters. Read on to see how those deals — as well as a glut of euro and dollar trades — fared with voters.
  • US Treasury secretary Steven Mnuchin’s perceived attempt to talk down the dollar on Wednesday drew the ire of ECB president Mario Draghi, but the latter's insistence on playing fair is going to make his job more difficult.
  • SSA
    Rating: Baa2/BBB+/A-