Top Stories from IFR Magazine - SSAR
The search for yield reached another level on Tuesday after Senegal got more than US$8bn of demand for its first bond in three years, paving the way for investors to reappraise other African sovereigns.
The European Investment Bank (Aaa/AAA/AAA) printed last week’s biggest Kangaroo trade with Thursday’s A$200m (US$148.5m) tap of its 3.10% August 17 2026 line to lift the issue size to A$800m. JP Morgan was sole lead manager for the reopening, which was priced at 99.521 to yield 3.16%, 72.5bp over the April 2026 ACGB.
The Asian Development Bank raised Rs3bn (US$47m) from its first offering of Green bonds in the Masala, or offshore rupee, market to help finance climate change-related projects in India.
The new issue drought in the Samurai market came to an end last week, as Societe Generale sold senior non-preferred bonds and more foreign issuers lined up yen financings.
China’s efforts to deleverage its financial system have dealt a serious blow to the growth of the Panda bonds market.
A report that Brazil’s President Michel Temer had approved a hush-money payoff left the country’s bond markets in disarray on Thursday as investors reassessed their views of the sovereign.