Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
Summer in full swing but first two weeks of August not completely off the cards for non-euro deals
More articles/Ad
More articles/Ad
More articles
-
An improved basis swap from Australian dollars to dollars, along with strong demand at the short end of the curve, led the Inter-American Development Bank to sell a successful four year Kangaroo tap this week. Other dollar funders may follow in coming weeks, said syndicate bankers.
-
A handful of issuers are looking to sell their first public deals targeted at the burgeoning sustainable and responsible capital markets investor base before the end of the year. A pair of well received syndications this week underlined the strong demand for the asset class.
-
Bank Nederlandse Gemeenten will polish off its funding target for the rest of the year with small deals, similar to a pair of trades it placed early this week.
-
Japan Bank for International Cooperation sold an oversubscribed five year bond on Wednesday well inside initial price thoughts and at only a small premium over secondaries, according to the leads. The issuer also sold a smaller floating rate tranche in response to investor interest.
-
Opportunities could open up for dollar funding issuers to print in euros in the coming months, bankers said, after the World Bank sold its first benchmark in the currency for more than four years this week. But with the euro/dollar basis swap proving fickle and most issuers well funded for the year, large volumes are unlikely to come this year.
-
The European Central Bank did Italy and Spain a big favour this week, as the sovereigns’ yields tumbled in secondaries following a cut in the central bank’s interest rates. The ECB’s decision rounded out a strong week of issuance for the issuers and should provide benign conditions for the remainder of their 2013 funding programmes.