Top Stories from IFR Magazine - SSAR
The South Australian Government Financing Authority, rated Aa1/AA+ (Moody’s/S&P), comfortably raised the capped A$750m (US$540m) it was seeking from last Wednesday’s syndicated sale of the new 2.75% May 24 2030 bond.
The International Development Association is plotting its return to capital markets with a bill programme that will seek to expand its investor base by offering short-dated paper.
The Republic of Cyprus could test investor appetite for a 15-year tenor with its new euro Reg S deal, which is expected to emerge as early as this week.
Investors piled into the Bank of England’s annual US dollar outing, placing orders of over US$5.5bn for the US$2bn three-year line.
Demand for KfW’s second sterling bond in less than a week held up well, with orders crossing £1.25bn for a £750m increase.
Investors poured more than €1bn of orders into Acquirente Unico’s bond market debut last Wednesday, a no-grow €500m seven-year.