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
-
Spain's borrowing costs rose at a short end auction on Tuesday, after an increase in its yields last week that analysts partly blamed on fears that rising support for Scottish independence could galvanise Catalonian separatists in Spain. While Spain outperformed its periphery peers on Monday morning, it wasn't enough to retrace the losses made last week, denting its month on month performance at the bill auction on Tuesday.
-
-
-
Fears that a vote for Scottish independence on Thursday could destabilise Spanish debt seemed to be overplayed on Monday morning, as the sovereign’s debt outperformed the rest of the eurozone periphery ahead of a Bono auction later in the week. Greece and Ireland are set to tap the short end of the curve this week.
-
China Bonds
The UK government announced on Friday that it was planning to sell an offshore renminbi bond, which would make it the first sovereign outside China to do so. A slew of supranational and agency issuers have been drawn to the market this week following favourable moves in the dollar/renminbi basis swap. -
Hong Kong’s landmark sukuk comes with a host of potential benefits for the wider Islamic finance market, Rafe Haneef, chief executive of HSBC Amanah Malaysia in Kuala Lumpur told IFIS. The deal’s success should help encourage other regional sovereigns to consider sukuk, but also has valuable implications for the dim sum and mainland Chinese markets.
