Top Stories from IFR Magazine - SSAR
Issuance of low denomination bonds has collapsed this year as new European Union trading rules appears to have left underwriters wary of falling foul of tighter rules on marketing products to retail investors.
Investors holding billions of dollars in defaulted Venezuelan bonds have formed at least one bondholder committee that is seeking a financial adviser, several sources said, in a sign they may be gearing up for a legal dispute.
Chinese issuers are increasingly targeting global investors for domestic bond offerings, as they look to take advantage of growing demand for onshore renminbi securities to broaden their investor relationships.
Triple A rated Inter-American Development Bank on Tuesday tapped its 3.10% February 22 2028 Kangaroo bonds for A$65m (US$50m) to lift the outstanding to A$605m, following reverse enquiries.
The Republic of Indonesia (Baa2/BBB–/BBB) priced on Tuesday a dual-tranche offering of US dollar and euro notes to raise US$2.2bn, taking advantage of a rating upgrade from Moody’s this month.
NWB Bank will target the longer end of the euro market for its return to the Social bond sector, having mandated banks for a 15 to 20-year trade.