Top Stories from IFR Magazine - SSAR
Argentina returned to the Swiss franc market last Thursday after an absence of nearly two decades, although the sovereign’s lowly ratings and chequered history meant the deal was an acquired taste for investors.
Dutch agencies were back in the sterling public market last week, with the dust having settled following the country’s general election.
The International Finance Corporation priced a US$500m March 2020 Social bond last Tuesday, while the Council of Europe is about to begin a roadshow for its Social Inclusion bond framework.
State-owned Indonesia Eximbank, rated Baa3/BBB– (Moody’s/Fitch), has hired HSBC, MUFG and OCBC as joint bookrunners to arrange fixed income investor meeting in Asia and Europe.
The tightening in French credit spreads following the first televised debate in the French presidential campaign gave Unedic the perfect springboard for its first 10-year benchmark of 2017, a €2bn government-guaranteed trade.
Bank Nederlandse Gemeenten (Aaa/AAA/AA+) kicked off a busy week in long euro issuance last Monday with a €650m March 2038 priced at mid-swaps plus 16bp.