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Revival in overseas demand for French SSA paper
Deal will bring fourth major multilateral development bank to the market
◆ Other options on table but issuer opts for two taps ◆ ‘Huge books’ now a norm for the issuer, clear NIP this time ◆ EU’s curve evolves to resemble that of EGB peers
◆ Tightest level since IFC's three year print ◆ Investors recycle redemptions ◆ Programmatic and pragmatic approach
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Tobias Rischen joined the European Investment Bank in Luxembourg on Monday as an associate funding officer.
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The European Union has announced the initial borrowing plan for its Next Generation EU (NGEU) programme in 2021, with the first deal set to arrive later this month.
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Santander has hired Abraham Douek from Citi to lead its coverage of financial institution and SSA clients within debt capital markets.
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NatWest Markets will post two SSA bond bankers to Paris this summer, including the head of its frequent borrower group syndicate.
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The EU has published the first list of its primary dealers to lead the bloc’s mammoth Next Generation EU (NGEU) funding task, which could start as soon as this month following the ratification of the bloc's Own Resources Decision.
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Bpifrance launched a rare Friday deal this week, raising €1bn with a 10 year benchmark and managing to move the spread 3bp.