sections

Wednesday, 24 October 2018

Top Stories from IFR Magazine - SSAR

An Italian Army parachutist hoists Italian flag during the Republic Day military parade in Rome

Italy stays at home as volatility flares

IFR 2256 20 October to 26 October 2018

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.

Andalucia shines on public return

IFR 2256 20 October to 26 October 2018

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 bunged up but KfW Green bond flies

IFR 2256 20 October to 26 October 2018

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.

ESM completes US$3bn funding, FRNs add supply

IFR 2256 20 October to 26 October 2018

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 heads to Europe

IFR 2256 20 October to 26 October 2018

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.

IsDB mandates for euro sukuk

IFR 2256 20 October to 26 October 2018

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.