Top Stories from IFR Magazine - SSAR
Export-Import Bank of Korea last Thursday raised an impressive ¥120bn (US$1.08bn) from the biggest Samurai bond issue ever from Asia ex-Australia, making the most of the positive momentum following the historic summit between the US and North Korea.
Auckland Council, rated Aa2/AA (Moody’s/S&P), tapped pent-up New Zealand demand for green assets with last Thursday’s capped NZ$200m (US$137m) five-year bond sale that priced 2bp inside the municipality’s standard local secondary curve.
Eurozone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet after it exits its bailout in August, reported Reuters.
Finnvera expanded its US dollar curve on Wednesday with its second issue in the currency, completing its funding for the year with a trade that came flat to fair value.
The European Investment Bank printed a £1bn floating-rate note issue on Friday in what could become the blueprint for a post-Libor world.
Dovish guidance from the ECB on interest rates on Thursday offered the much hoped-for signal that issuers were wanting, with a host of mandates promising plenty of primary activity in the coming days.