Latest Supranationals & Agencies news

• EU begins driving investors toward ESG

  

  One of the most radical reforms ever made to financial markets is set to become law in a matter of weeks. Investors in Europe will have to ask clients about their environmental, social and governance preferences, and then abide by these choices.

  • 08:30 PM

• Italy drives rates rollercoaster as SSA knuckles whiten

  

  The political manoeuvrings in Italy’s path to being governed — as well as poor eurozone economic data — played havoc with rates this week, leading to SSA deals either paying higher new issue concessions, or falling short of subscription. More volatility could come, after the country’s president approved the likely coalition partners’ choice of prime minister but held back from appointing a eurosceptic economist to take charge of the country’s economy. Craig McGlashan reports.

  • 08:15 PM

• Dollars ‘to make comeback’ but geopolitics still a worry

  

  SSA bankers expect the dollar market to be back in action next week after a fairly subdued few days, with widening swap spreads and tricky conditions in euros likely to buoy issuance. But they did warn that geopolitical ructions are still causing surprises and messing up plans — with the latest example coming on Thursday afternoon.

  • 07:30 PM

• FMO and World Bank in local currency debuts

  

  The Netherlands Development Finance Company (FMO) has added another product to its local currency offering after selling its first ever note linked to the Tanzanian shilling. The deal came in the same week that World Bank debuted in Peruvian soles.

  • 07:00 PM

• Dexia gets result amid rate rollercoaster

  

  Dexia Crédit Local scored what leads said was a good result on Thursday as it brought a trade at the upper end of its size plans and tightened pricing during another volatile day for eurozone rates. KfW was also out in euros, with a tap, although it appeared to be more of a slow burner.

  • 05:00 PM

• World Bank pandemic bond in focus after disease outbreaks

  

  The World Bank’s pandemic bond, launched last June, was innovative in its coverage and objectives. Therefore the recent potential trigger events after outbreaks of Lassa Fever in Nigeria and of Ebola in the Democratic Republic of Congo offer valuable new insight into how the product functions.

  • 03:45 PM

• EU told to go slow on tricky green finance Taxonomy

  

  The European Commission adopted its first Sustainable Finance package on Thursday — draft laws that will begin to implement its strategy. The proposals have been changed at the request of an internal EC committee, to make them more workable, especially when it comes to the planned Taxonomy of green and sustainable activities.

  • 01:00 PM

• Kexim focuses on floaters to raise $1.5bn

  

  The Export-Import Bank of Korea focused solely on floating rate notes for its $1.5bn dual-tranche bond outing on Wednesday, getting away with tight pricing thanks to robust buy-side demand.

  • 12:00 PM

• GlobalCapital Bond Awards 2018: the winners revealed

  

  GlobalCapital announced the winners of its Bond Awards 2018 on Wednesday night at our 11th annual Bond Awards dinner, at the Jumeirah Carlton Tower in London. Some 280 people were there to see the brightest and best performers in the international bond markets in the past year crowned.

  • 23 May 2018

• Unédic uses healthy NIP to navigate volatility as Dexia goes short

  

  Unédic played it safe by offering extra new issue concession to traverse a choppy euro market on Wednesday, ending up with a €1bn 15 year deal and a 1bp tightening from guidance. Dexia Crédit Local is out for a euro deal on Thursday, although bankers said the shorter duration trade should mean the volatility will be less of a test.

  • 23 May 2018

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