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Smaller orders, missing hedge fund bids as market exits ‘white-hot’ phase and soon to switch to holiday mode
◆ Japanese agency squeezes out concession on $1.5bn 10 year ◆ Zero new issue concession ◆ Flat curve, longer duration
Head of funding Jochen Schader says strong promotional lending has pushed the 2026 target above €15bn, as the agency caps its dollar programme before the summer
Issuer leaves more NIP than earlier this year, as order sizes shrink after busy May and June
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Praise for borrower's 'sensible' approach in tricky market
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Supply resumes after issuers took a nearly three month break
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The issuer has wrapped up its fixed rate dollar benchmark funding for 2023 but will continue to fund in other formats
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Supra announces much anticipated seven year benchmark as public sector issuers power ahead in euros and dollars
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Issuer raises nearly $4bn within three days across different currencies
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MDB wraps up its largest ever funding programme with a popular deal