Belgium on call for private deals Publish date | 19 June 2013
Belgium took a flexible approach to funding this week, printing a pair of privately placed callable notes — a rare structure for a sovereign issuer.
Portugal’s yields tick up ahead of Fed decision Publish date | 19 June 2013
Portugal’s short term borrowing costs rose at auction on Wednesday, as capital markets participants awaited the results of a US Federal Reserve meeting later in the day that could have a dramatic effect on deal volumes for the foreseeable future.
Nigeria mandates for meetings Publish date | 19 June 2013
Nigeria has named banks for a series of investor meetings in the US and Europe ahead of a potential bond deal. Its solid fiscal position and low debt ratios should ensure a second successful deal for the sovereign, said analysts.
Finanzagentur hires for first joint federal-regional bond Publish date | 18 June 2013
Five banks have won the mandate to run investor meetings for Germany’s first joint federal-regional bond — a Bund-Laender-Anheile — with a view to selling a euro benchmark.
KfW gets €4bn away as EIB increases EARN ahead of FOMC decision Publish date | 18 June 2013
KfW took advantage of a clear issuance window on Tuesday to bring a long-awaited euro benchmark, shrugging off uncertainty over how fast rates will rise in the run up to the Federal Open Market Committee’s meeting on Wednesday. The result was hailed as “encouraging” by market participants who also had the spectacle of a €1bn tap of the EIB’s recent 10 year EARN to take comfort from.
Dutch look to money markets to fill new funding target Publish date | 18 June 2013
The Netherlands is set to boost its money market business after the country’s anticipated budget deficit grew from €15.2bn to €20bn. Its borrowing requirement has risen to €95.9bn from €91.1bn as a result, the Dutch State Treasury Agency announced on Tuesday.
Spanish short term costs rise ahead of bond auction Publish date | 18 June 2013
Spain’s six month and 12 month borrowing costs rose to their highest level since February at an auction on Tuesday, ahead of a sale of longer dated debt later in the week.
Slovakia Samurai presages yen pipeline as Cades updates docs Publish date | 18 June 2013
The Slovak Republic sold its debut Samurai bond on Tuesday morning, placing three and five year notes. The deal follows on from a number of successful Samurai deals from financial institutions, with more public sector issuance in the format in the pipeline.
Colombia could cancel bond market return Publish date | 18 June 2013
Colombia’s finance minister has indicated the South American sovereign could decide not to raise the remaining $600m it had expected to print in the international bond markets in 2013, should multilateral financing prove more attractive.
Venezuela downgraded as transition hopes vanish Publish date | 18 June 2013
Last year’s rally in Venezuelan bonds as Hugo Chávez neared the end of his tenure as president looks to have been even more misguided than some in the market had feared. Standard & Poor’s on Monday downgraded the sovereign from B+ to B.