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The sovereign rarely issues more than once a year on international markets
Recent Italy syndication prompts talk of change in how sovereigns manage syndicates
Reopening the €1.75bn bond issued in January attracts huge investor interest
‘Amazing’ reception for long dated syndications but issuers explore different options amid persistant duration risk
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The leads working on the government of Mongolia’s keenly-watched dollar bond have opened books, guiding investors towards a seven year deal at the 8.25% area.
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Slovenia has released guidance for a pair of euro taps following the expiry of a tender offer for its outstanding dollar issues on Tuesday afternoon.
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The government of Belize has extended the deadline for a consent solicitation designed to ease its debt burden for the fourth time, but has again failed to offer bondholders a better deal.
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Contagion from Greece’s never ending bailout saga was supposed to be a thing of the past. But the European Financial Stability Facility’s questionable 39 year tranche this week shows country still has the ability to hit the euro market — albeit by the back door this time.
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