Top Section/Ad
Top Section/Ad
Most recent
Portugal and KfW lead euro supply with five year as dollar market focuses on second AfDB hybrid
◆ Tightest 10 year Länder bond this year ◆ Big book leads to 4bp spread move ◆ Deal still three times covered, green element was key
◆ One deal was judged ‘relatively tight’... ◆ And the other ‘definitely cheap’... ◆ ... though fair value tough to spot
Issuance recovers from last week’s wobble but concerns linger after issuers like KfW widen
More articles/Ad
More articles/Ad
More articles
-
A Canadian province braved the five year spot in dollars on Friday. A healthy spread over US Treasuries prompted strong demand despite negative five year swap spreads, which has caused other issuers to avoid this part of the curve. -
The Republic of France may not be alone among public sector borrowers in throwing off the shackles of the European Union’s Stability and Growth Pact next year, as Europe faces the threat of terrorism and financial demands of supporting migrants fleeing war in the Middle East, according to a head of public sector DCM.
-
Swiss franc issues from international borrowers have declined drastically in the last two weeks as the Swiss franc basis swap has moved more deeply negative, Swiss franc syndicate bankers told GlobalCapital on Tuesday.
-
The green bond market was home to a pair of firsts this week, as one seasoned issuer sold its first ever bond in any format at a tighter spread to US Treasuries than mid-swaps, and another made its debut in the SRI format.
-
-
