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Bank’s €1bn transaction is most granular so far and found new buyers
◆ Eurofima made rare visit to euro four year conventional curve ◆ New issue premium estimated ◆ Region Wallonne grabs solid order book
Mandates from Eurofima, Germany, Wallonia and the Free State of Thuringia
The bloc's funding update and trio of central bank meetings held the SSA market's attention on Wednesday-Thursday
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The nine major multilateral development banks issued a joint statement on Sunday, pledging to step up action on climate change, with more lending and efforts to help their clients go green.
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Talks on finalising the European Union law to introduce the much-discussed Taxonomy of Sustainable Economic Activities are at a sensitive stage. Countries disagree on what the Taxonomy should be, and although a compromise position is emerging, issues including nuclear power remain highly contentious.
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The European Bank for Reconstruction and Development was able to find good demand to increase the size of its outstanding August 2022 Sofr-linked floating rate note on Thursday, despite huge volatility in the US repo market.
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The Export-Import Bank of Korea (Kexim) turned to the Taiwanese market to raise Australian dollars, after finding a receptive audience for the currency.
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Investors stormed into the euro public sector bond market this week fired up from the announcement of a new comprehensive stimulus package by the European Central Bank last week.
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While it is no surprise that a public sector borrower has brought the first floating rate note linked to the euro short term rate (€STR), it was a surprise that a small German agency would bring the inaugural transaction, especially as it is some weeks before the European Central Bank (ECB) is due to begin publishing the recommended new risk-free rate.