SSA News RSS Feed3210564http://www.ssamarkets.com/3210564/sevens-look-likely-for-efsf-eib-to-follow.htmlSSA syndicate bankers are predicting either a seven year benchmark from the European Financial Stability Facility (EFSF) next week, or a deal at the far end of the curve, after they made their recommendations to the borrower this week. The European Investment Bank and KfW are also expected to issue either next week or the week after.2013-05-24T00:00:00+01:003210457http://www.ssamarkets.com/3210457/the-mumble-bernankes-bons-mots.htmlFederal Reserve chairman Ben Bernanke’s comments on Wednesday about slowing down the rate of quantitative easing were the right comments, at the right time. 2013-05-24T00:00:00+01:003209832http://www.ssamarkets.com/3209832/kbn-kanga-benefits-from-yield-hunt.htmlKommunalbanken (KBN) sold five year Kangaroo debt on Thursday, taking advantage of investors’ search for paper carrying wider spreads along with a more favourable basis swap in the belly of the curve.2013-05-23T00:00:00+01:003209797http://www.ssamarkets.com/3209797/council-of-europe-offers-haven-for-dollar-investors.htmlCouncil of Europe on Thursday was set to price a $1.25bn five year trade flat to its curve underscoring the strength of the dollar market as investors flush with cash look for safe haven credits in which to park their cash.2013-05-23T00:00:00+01:003209792http://www.ssamarkets.com/3209792/spanish-yields-reverse-at-auction.htmlSpanish yields jumped around 20bp at an auction of three year, five year and 15 year debt on Thursday, as investors — having poured into eurozone periphery debt with gusto over the last year — digested comments from the US Federal Reserve and weak overnight data from China.2013-05-23T00:00:00+01:003209774http://www.ssamarkets.com/3209774/slovakia-set-for-tight-five-year-print.htmlThe Slovak Republic was on Thursday set to print its second euro benchmark trade of the year. Bakers away from the deal said that the ECB repo eligibility of the trade and the drive for yield will allow the borrower to print at a tight level when the trade is priced.2013-05-23T00:00:00+01:003209768http://www.ssamarkets.com/3209768/kdb-leads-korean-attempts-to-find-international-capital.htmlThe Korea Development Bank (KDB) made its first foray into the euro market since 2007 on Wednesday with a €500m five year bond. The borrower’s attempt to appeal to European investment grade buyers rather than its traditional Asian and domestic investor base allowed it to achieve a pricing 15bp through initial price thoughts (IPTs). Next from the country could well be a dollar deal from the sovereign, which is looking to market itself in the UK and the US.2013-05-23T00:00:00+01:003209591http://www.ssamarkets.com/3209591/morocco-reenters-dollar-market.htmlThe Kingdom of Morocco has picked three banks to lead manage an increase of tow of its dollar issues.2013-05-23T00:00:00+01:003206632http://www.ssamarkets.com/3206632/euroweek-bond-award-winners-and-celebrities.htmlSSA Markets's sister publication, EuroWeek, gave out its awards to the SSA bond market in London on Thursday night. Read below to see who won and who was nominated on the night. SSA bankers were entertained on the evening by popular comedian Alistair McGowan, pictured below with SSA Markets deputy editor, Tessa Wilkie and FIG niche currency bond supremo, Nomura's Nick "The Niche" Dent.2013-05-20T00:00:00+01:003207426http://www.ssamarkets.com/3207426/the-mumble-its-time-for-some-new-blood-in-the-kangaroo-market.htmlAustralian investors have a deserved reputation for being fussier about what they buy than their European counterparts — there’s a reason that the Kangaroo market has traditionally been dominated by the cream of the SSA crop. However, things are starting to change.2013-05-17T00:00:00+01:003204178http://www.ssamarkets.com/3204178/swedish-munis-follow-gothenburg-with-syndications.htmlLinköping became the third ever Swedish municipality to sell bonds by syndication on Wednesday, pricing a three year floater. The trade follows dual tranche deals by Lund Municipality last week and City of Gothenburg in March. Further syndications are a strong possibility as Swedish municipalities grow more accustomed to the procedure.2013-05-10T00:00:00+01:003204125http://www.ssamarkets.com/3204125/the-mumble-come-on-greece-what-are-you-waiting-for.htmlPortugal, whose unemployment rate hit a euro ere high if 17.7% in the last quarter, hauled in €10.2bn of orders for a 10 year deal this week. Spain, whose economy can hardly be described as in robust health, is most likely about to sell a 10 year at yields closer to 4% than 5%. Where next can investors turn to now for yield? Well, Greece of course. 2013-05-10T00:00:00+01:003200899http://www.ssamarkets.com/3200899/the-mumble-do-hard-times-lay-ahead-for-ssa-bankers.htmlMarket conditions seem ripe for printing deals and SSA bankers are urging borrowers to come to the market. But it is starting to look desperate on origination desks as well funded issuers which are growing ever more used to a market where they can pick and choose their moment to borrow mean the deal pipeline is miniscule.2013-05-03T00:00:00+01:003200215http://www.ssamarkets.com/3200215/draghi-leaves-door-open-to-further-cuts.htmlMario Draghi, president of the European Central Bank, did not rule out further cuts to the central bank’s main refinancing rate at a press conference on Thursday. The ECB’s governing council cut the rate by 25bp to 0.5% ahead of the conference.2013-05-02T00:00:00+01:003197031http://www.ssamarkets.com/3197031/regional-issuers-join-spanish-funding-fiesta.htmlSpanish regional credits — including super rare issuer Institut Català de Finances — took advantage of their sovereign’s plummeting yields to place a series of privately placed deals this week.2013-04-25T00:00:00+01:003195065http://www.ssamarkets.com/3195065/lower-saxony--sells-well-in-sevens.htmlLower Saxony sold a tap of seven year floating rate debt on Monday morning. The deal — aimed to take advantage of limited supply from German states recently — priced flat to the outstanding bonds, following on from similar successes last week.2013-04-22T00:00:00+01:003193412http://www.ssamarkets.com/3193412/hsbc-deals-diehls-job-to-berman.htmlAllegra Berman, previously co-head of European debt capital markets at UBS, is joining HSBC in London as global head of public sector banking, SSA Markets understands. Berman will replace Jeff Diehl who is returning to the US.2013-04-18T00:00:00+01:003184252http://www.ssamarkets.com/3184252/ginanni-flips-to-crdit-agricole.htmlFilippo Ginanni, most recently of Deutsche Bank, has joined Crédit Agricole as an executive director in its MTNs and private placement group, SSA Markets can reveal. He started work in the London office on Tuesday morning. 2013-04-02T00:00:00+01:00