Top Stories from IFR Magazine - SSAR
The Australian Office of Financial Management has hired Citigroup, CBA, Deutsche Bank and UBS as joint lead managers for a new November 21 2029 bond due to price this week.
Eight SSA issuers were active in the Kangaroo market last week, and while some of the offerings were rather small in size, they raised the best part of A$1bn (US$787m) between them.
Asian Development Bank (Aaa/AAA/AAA) raised NZ$500m (US$363m) from a five-year Kauri bond via joint lead managers ANZ, BNZ and TD Securities.
Inter-American Development Bank sold a five-year benchmark tight to Treasuries, continuing the strong run in the SSA US dollar market since the beginning of January.
A sell-off in Treasuries last week saw 10-year yields leap to their highest since March but the move was swept aside by nearly three dozen emerging markets borrowers, who raised more than US$30bn between them.
The World Bank and the European Investment Bank last week brought the first non-domestic public-sector issues in Canadian dollars since 2016, taking advantage of improved funding costs in the currency.