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Deal liberates capital and tempts investors to take new frontier market risk
◆ First dollar benchmark from World Bank since October 2025 ◆ 'Remarkable' size and spread achieved ◆ IDA jumps through hoops to issue SEC exempt deal
◆ CEB lands tight to Treasuries ◆ 4% coupon lures some buyers ◆ Cades orders above $13bn
◆ Issuer sets 'interesting benchmark' for peers ◆ New issue premium estimated ◆ EIB dollar FRN 'very impressive'
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Japan Bank for International Cooperation took advantage of the lack of competing supply and good demand in dollars to suck $3bn out from the primary market on Wednesday. Meanwhile, the Province of Alberta has mandated banks for its third benchmark of the year.
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Rentenbank is looking to issue one more benchmark before the end of 2018 with what would be the agency’s third of the year.
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SSA borrowers recorded below par results in the latest BondMarker scores, with even the best performer off form.
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The European Investment Bank received good demand for its second five year dollar benchmark of the year on Tuesday.
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The European Bank for Reconstruction and Development returned to the sterling market on Tuesday to sell the first benchmark of its 2019 funding programme.
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The European Bank for Reconstruction and Development issued the first benchmark of its 2019 funding programme on Tuesday. The supranational has kickstarted its borrowing for next year to take advantage of the current market conditions. Other SSAs who have completed or are approaching the end of their borrowing programmes for the year should consider following.