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◆ German state executes intraday trade ◆ Tenor near ‘sweet spot’ on euro curve ◆ Fair value only ‘theoretical’ in current market
Recent deals showed that investor appetite for SSA credit remains
◆ 'Accelerated execution' due to market uncertainty ◆ Popular deal spotted close to fair value ◆ Momentum accounts 'less active'
Primary market for public sector unlikely to see large transactions until after Easter, reckon bankers
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Switzerland’s largest canton returned to the Swiss franc market after a long absence on Tuesday, with a 12 year deal that was heavily oversubscribed.
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The Province of Manitoba has placed its largest ever medium term note in euros, reaching what may be the largest cost effective size possible for swapping the proceeds into Canadian dollars, according to the issuer.
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Not content with being the first foreign government to issuing an offshore renminbi bond, the Province of British Columbia (BC) is now aiming to access the reopened onshore Panda bond market as the next step in reinforcing its commitment to China, says Michael de Jong, BC’s Minister of Finance, to GlobalRMB in a phone interview.
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Plenty of demand is driving SSA issuance to the shorter end of the curve and into green bonds this week.
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Switzerland's largest canton returned to the Swiss franc market after a long absence on Tuesday with a 12 year deal that was heavily oversubscribed.