Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
◆ €18bn blockbuster executed in June ◆ Book size and quality both comparable to January ◆ Greece, Sweden to conclude sovereign pipeline for H1
◆ Lead points to high-quality book ◆ Subscription ratio slips from prior tap ◆ Maturity had 'pretty clear consensus'
‘Very normal market’ despite ongoing war and volatility to support another wave of new issues
Bankers say the ambition to price the first SSA bond through US Treasuries has faded as recent five year deals stall and barely perform in secondary
More articles/Ad
More articles/Ad
More articles
-
The Socialist Republic of Vietnam made a rare appearance in the international debt market on November 6, selling a $1bn 10 year bond that was a blowout with investors. The oversubscription allowed the sovereign to switch large chunks of investors out of costlier existing debt and into the new trade. -
In this round-up: the Chinese Ministry of Finance flags its next auction of RMB bonds in Hong Kong; RMB trade settlement in Hong Kong was up sharply in the first nine months of this year, while monthly RMB clearing and quarterly China RMB trade settlement fell; October was another record month for RMB trading volumes on the Moscow Exchange.
-
Ireland took a firm step towards joining the eurozone core this week by extending its curve to 15 years with a bond that market participants said was the clearest sign yet that it was pulling away from the rest of the periphery. But the gap between Europe’s top borrowers and weakest names may be about to narrow further very soon. This could be in response to moves by European Central Bank president, Mario Draghi, who opened the door a little further to full blown quantitative easing.
-
Spain screwed down its 10 year borrowing costs at an auction on Thursday, but was still a few basis points off the 2014 low it hit in early October. But the sale — which included three year and nine year debt — sparked strong demand and took it within touching distance of its funding target for the year.
-
The New Zealand Debt Management Office extended its inflation linked bond curve with a 15 year issue on Wednesday.
-
The Socialist Republic of Vietnam is returning to the international market for first time in four years as it tries to swap investors out of its two existing dollar bonds via an accelerated switch offer.
