Top Stories from IFR Magazine - SSAR
The Government of Mongolia (Caa1/B–/B–) plans to buy back foreign debt due next year and issue new bonds to address its short-term maturities and complete a turnaround from last year’s economic crisis.
The People’s Republic of China will go without international ratings for its first US dollar sovereign bond since 2004, raising doubts over whether it will still achieve its goal of setting a liquid global benchmark.
The Australian Office of Financial Management (Aaa/AAA/AAA) has tapped its 3.0% March 21 2047 Treasury bond issue for A$2.1bn (US$1.66bn), increasing the size of the sovereign’s first 30-year benchmark line to A$10.2bn.
New South Wales Treasury Corp, rated Aaa/AAA (Moody’s/S&P), raised A$1.1bn (US$864m) from last Wednesday’s syndicated sale of 3.0% April 20 2029 bonds.
German government-guaranteed agency KfW (Aaa/AAA/AAA) tapped its 2.4% July 2 2020 Green Kangaroo bond offering for A$200m (US$157m) last Wednesday, increasing the issue size to A$1bn.
Rentenbank (Aaa/AAA/AAA) tapped its 3.25% April 2028 Kangaroo bond for A$75m (US$59m) last Wednesday, lifting the issue size to A$175m.