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New issue premiums in recent weeks were lower compared to the highs after the Iran-US conflict began
Belgium and two European agencies also mandated, even as the US and Iran failed to reach a peace deal
‘Whole curve open’ for SSA issuers but seven year point stands out as ‘interesting’ spot amid euro curve shape shift
Estonian sovereign outing its first under local law
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Italy’s five and 10 year borrowing costs dropped to their lowest levels since April on Tuesday, as the sovereign hit its maximum volume target of €8bn at a bond auction.
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A European sovereign will sell a short dated dollar benchmark on Tuesday, but a weak market backdrop and tight swap spreads are likely to hold other issuers back from bringing deals in the currency.
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Spain is enjoying a strong warm-up for a debt auction this week, as its yields fell faster than its eurozone periphery peers following a Catalonian election where independence parties won just under 50% of the vote.
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Pakistan’s latest 10 year transaction was trading well in the secondary market on Friday, buoyed by a wider recovery in credit and equities.
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The Ukrainian government has released the exchange offer for its sovereign Eurobonds, amended from what was previously announced.
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Pakistan pushed on with a benchmark dollar bond on Thursday, with positive investor feedback giving leads the confidence to open books despite a tricky backdrop.