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The sovereign had to move fast to beat the release of US economic data
Deal will bring fourth major multilateral development bank to the market
Century bonds might be smart funding for an issuer but they are also a signalling tool that tell us about investor desire, confidence and changing market cycles
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◆ Final euro benchmark done at optimal time ◆ Spread to KfW was key, little NIP paid ◆ Investor work has 'really come into fruition'
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Long-dated bonds in demand as callables lead. Euro and dollar floaters mop up cash
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Supranational C-suiter and veteran banker added to DSR Bank body to bring MDB and market experience
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◆ Issuer's first euro 10 year for a while ◆ 'Exceptional investor base' built over the years ◆ Pricing tighter than OMERS and provinces in secondary
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◆ ADB prices flat to EIB ◆ Deal expected to be its last dollar benchmark this year ◆ British Columbia also jumps in, Québec next
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◆ Finnish DMO's Sammallahti on 'sweet spot' tenor ◆ Close to fair value ◆ Asset managers willing to buy shorter
Sub-sections
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
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