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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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First deal of up to $1bn will show way to achieve 100% equity credit
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The focus will be on currencies other than dollars
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“To transform development, the MDBs will have to transform themselves,” said the G20 last week. Some are, which is a smart move
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Finnish agency finds demand for short dated deal despite dwindling pool of investors
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Issuer hopes to refresh its euro presence with a potential green bond
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Deal brings this year’s Kangaroo issuance to over A$25bn