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Guillaume Pichard, assistant deputy minister, on the five year call, the repo boost and the cost versus home
◆ State’s pre-summer deal attracts €2bn book ◆ Maybe only one more deal to come on reduced needs ◆ 2bp NIP to start as issuer tries to ‘be fair to the market’
◆ Canadian province tests post-Starmer sterling ◆ Five year choice keeps the buyers ◆ New issue concession estimated
Nine banks chosen to run £1.5bn borrowing programme
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More German Laender could look to print in euros after an encouraging show from investors for a four year syndication from Lower Saxony on Tuesday.
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A series of German sub-sovereigns have printed deals in euros this week, adding to hopes that the market for the currency is slowly returning to strength after weeks of difficulty.
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This week could be the last opportunity for borrowers to bring euro deals before the market shuts down for summer, according to SSA bankers and issuers — and some trades are already on the production line.
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Three banks will publish on Monday a set of principles for social and sustainability bonds, which they suggest should be added as an appendix to the Green Bond Principles.
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Three banks will publish on Monday a set of principles for social and sustainability bonds, which they suggest should be added as an appendix to the Green Bond Principles.
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The Securities and Exchange Board of India (Sebi)’s subcommittee for developing a municipal bond market has released regulations for the instruments. While the rules provide detailed requirements for listing and issuing muni bonds, many more reforms are needed at the local government level.