Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
The euro market has been markedly calmer than last week after ECB president Christine Lagarde made remarks interpreted as dovish — but investors are still split on the direction of interest rates and bankers are concerned this could hurt demand for primary bonds. -
Inflation fears are biting European markets just as investors seem to be losing confidence in the ECB's support of the market. The first bow waves of a European taper tantrum rocked rates this week as primary markets did their best to plough on. The European Union braved the volatility to land a colossal deal, while two covered bond issuers fared worse. Lewis McLellan and Bill Thornhill report.
-
The World Bank failed to impress as it sold a five year dollar benchmark this week, with the issuer and leads attributing the lack of appetite to the tight reoffer leveland the unusual maturity.
-
International Finance Corp has bolstered its annual questionnaire to underwriters, which formally integrates environmental, social and governance considerations into the selection of its bookrunners.
-
SMBC Nikko has hired Markus Steilen as managing director and head of continental European debt syndicate, based in Frankfurt. Steve Apted remains head of syndicate in London.
-
Two SSA issuers were expected to follow Tuesday’s outing in euros from the EU, but only one elected to brave the market on Wednesday.
