Top Stories from IFR Magazine - SSAR
The Republic of Italy made an unexpected return to the syndicated bond market last week, swiftly raising a €6bn 20-year in a deal that showed that the spat between the European Commission and the country over its budget has done little to derail market access.
The Province of Ontario cut a lone figure in the US dollar market last Thursday, bringing a seven-year Global bond that found enough support to price through its curve.
The European Investment Bank grabbed demand by offering a positive yield while taking a conservative approach, choosing a 10-year tenor for its latest euro outing instead of going longer.
European Investment Bank has attracted a respectable book for its US$1bn SOFR-linked three-year, the first dollar FRN to replicate the coupon calculation used for Sonia trades.
Iceland hit the screens last Thursday, having finished a roadshow a day earlier, adding scarcity value into the mix of euro paper on offer to investors.
The Inter-American Development Bank’s belief that there was demand to be found on the 10-year part of the US dollar curve paid off last Tuesday, as books for its May 2029 passed US$2.7bn.