Sovereigns
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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.
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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.
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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.
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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.
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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.
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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.
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Latvia launches new global programme
Publish date | 17 June 2013
Latvia has added another tool to its funding arsenal in the form of a new global medium term note programme. The programme, from which it intends to issue benchmarks and private placements, will allow the borrower to take a more flexible approach to its capital markets financing needs.
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DMO mandates banks for curve extending Gilt
Publish date | 14 June 2013
The UK’s Debt Management Office (DMO) has mandated banks to lead manage its long-expected ultra long Gilt syndication, scheduled for the week beginning June 24.
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Slovakia to sell three and five year Samurai, cancels 10 year bonds
Publish date | 14 June 2013
The Slovak Republic is preparing to sell its first yen denominated bond in 15 years, with the issuer expected to price a two tranche Samurai deal next Tuesday. Lead managers announced a three tranche transaction on Monday, but dropped the 10 year bonds on Wednesday.
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Demand for Italian paper strong as sell-off makes sovereign a tempting option
Publish date | 13 June 2013
Italy auctioned term debt on Thursday, the day after it sold bills at the highest levels since March. This week’s sell-off boosted demand, allowing Italy to hit its maximum target size for the auction of the longest bond on offer — a 4.75% September 2028.
