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Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact
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
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The Asian Development Bank returned to the Kiwi dollar market to print its largest Kauri deal since January 2018 this week. With the Inter-American Development Bank and International Finance Corporation set to follow with a pair of taps in the coming days, bankers are expecting a busy few weeks in the market as investors react to the recent surprise interest rate cut from the Reserve Bank of New Zealand.
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This week's funding scorecard looks at the progress that Europe's supranationals and agencies have made in their funding programmes by the mid-point of August.
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A number of supranationals have delayed their plans to issue Panda bonds over a dispute about their accepting Chinese regulatory oversight, write Rebecca Feng and Burhan Khadbai.
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With the UK under risk of a credit rating downgrade in the event of a no-deal Brexit, there is some concern that this could have a negative effect on the International Finance Facility for Immunisation (IFFIm), to which the country is the largest donor.
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UniCredit has hired a new head of trading for sovereigns, supranationals and agencies to its European government bond trading desk in Milan.
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Volumes are growing across the spectrum in the Scandinavian MTN markets, as issuers and bankers return from their summer holidays. Meanwhile, bankers are expecting Scandinavian investors to move further out along the credit curve in response to negative yields as dovish Nordic central bank tones could lead to a bullish Scandinavian market.