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Sunday, 16 June 2019

Top Stories from IFR Magazine - SSAR

Italy

Italy comes out fighting with 20-year drive-by

IFR 2288 15 June to 21 June 2019

The Republic of Italy made an unexpected return to the syndicated bond market last week, swiftly raising a €6bn 20-year in a deal that showed that the spat between the European Commission and the country over its budget has done little to derail market access.

Ontario seven-year well supported

IFR 2288 15 June to 21 June 2019

The Province of Ontario cut a lone figure in the US dollar market last Thursday, bringing a seven-year Global bond that found enough support to price through its curve.

EIB keeps it positive with 10-year tenor

IFR 2288 15 June to 21 June 2019

The European Investment Bank grabbed demand by offering a positive yield while taking a conservative approach, choosing a 10-year tenor for its latest euro outing instead of going longer.

EIB extends Sonia methodology to SOFR market

IFR 2288 15 June to 21 June 2019

European Investment Bank has attracted a respectable book for its US$1bn SOFR-linked three-year, the first dollar FRN to replicate the coupon calculation used for Sonia trades.

Iceland plays rarity card

IFR 2288 15 June to 21 June 2019

Iceland hit the screens last Thursday, having finished a roadshow a day earlier, adding scarcity value into the mix of euro paper on offer to investors.

Demand piles in for IDB's 10-year

IFR 2288 15 June to 21 June 2019

The Inter-American Development Bank’s belief that there was demand to be found on the 10-year part of the US dollar curve paid off last Tuesday, as books for its May 2029 passed US$2.7bn.