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Rates and credit under pressure as battle to be UK prime minister looks set to heat up
World Bank breaks 10 year dollar records while IDA adds another point on euro curve
Breaking through US govvie ‘definitely something on the table’ as issuers test current limit for dollar deals
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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.
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International Finance Corp has bolstered its annual questionnaire to underwriters, which formally integrates environmental, social and governance considerations into the selection of its bookrunners.
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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.
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The European Commission on Thursday fined Nomura, UBS and UniCredit for their traders' participation in a cartel in the primary and secondary European government bond markets during the financial crisis.
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