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Friday, 19 January 2018

Top Stories from IFR Magazine - SSAR

AOFM to set up 2029 line

IFR 2216 13 January to 19 January 2018

The Australian Office of Financial Management has hired Citigroup, CBA, Deutsche Bank and UBS as joint lead managers for a new November 21 2029 bond due to price this week.

SSA Kangaroo supply approaches A$1bn

IFR 2216 13 January to 19 January 2018

Eight SSA issuers were active in the Kangaroo market last week, and while some of the offerings were rather small in size, they raised the best part of A$1bn (US$787m) between them.

Duo tap five-year Kauri sweet spot

IFR 2216 13 January to 19 January 2018

Asian Development Bank (Aaa/AAA/AAA) raised NZ$500m (US$363m) from a five-year Kauri bond via joint lead managers ANZ, BNZ and TD Securities.

IDB and KfW follow in EIB's slipstream

IFR 2216 13 January to 19 January 2018

Inter-American Development Bank sold a five-year benchmark tight to Treasuries, continuing the strong run in the SSA US dollar market since the beginning of January.

EM sweeps aside Treasury sell-off

IFR 2216 13 January to 19 January 2018

A sell-off in Treasuries last week saw 10-year yields leap to their highest since March but the move was swept aside by nearly three dozen emerging markets borrowers, who raised more than US$30bn between them.

World Bank and EIB reignite Canadian dollar market

IFR 2216 13 January to 19 January 2018

The World Bank and the European Investment Bank last week brought the first non-domestic public-sector issues in Canadian dollars since 2016, taking advantage of improved funding costs in the currency.