Top Stories from IFR Magazine - SSAR
The Republic of Italy turned to the safety of its domestic retail market to raise funding last week, as the volatility that has stalked markets for weeks showed little sign of letting up.
The Autonomous Community of Andalucia brought a more than twice subscribed €600m 10-year last Wednesday, in what was its first foray in the public market for seven years.
BNG Bank appeared to have struggled to get much traction in the euro market last Wednesday for a €750m July 2039 transaction, with books last heard at over €700m, in sharp contrast with a rare Green bond for KfW that flew out of the door.
The European Stability Mechanism has completed its funding programme for the year, pricing a US$3bn Reg S/144A two-year benchmark flat to mid-swaps last Tuesday.
Auckland Council, rated Aa2/AA (Moody’s/S&P), has mandated UBS and Westpac to arrange non-deal investor meetings in Europe between November 5 and November 9.
The Islamic Development Bank has mandated Credit Agricole, LBBW, Natixis and Standard Chartered as joint lead managers and bookrunners to arrange a series of fixed income investor meetings and calls in Europe for an inaugural five-year Reg S sukuk transaction.