SSA market hopes 'the worst' has passed as quarter-end approaches

Addison Gong

March 24, 2025 05:50 PM

Berlin cathedral and synagogue domes in Berlin, Germany adorned with a rainbow after a summer storm.

Half a dozen syndicated deals in euros and dollars to kickstart new week

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

SSA Sovereigns Supras and agencies Sub-sovereigns Euro US dollar France Japan MuniFin Nederlandse Waterschapsbank Kommuninvest

AG

Addison Gong

SSA editor GlobalCapital

Related articles

FIG

Kommunalkredit patience pays off in euro senior

◆ Issuer waited for stable market ◆ Mixed views on concession ◆ Deal gives 'capital structure arb'

Sarah Ainsworth, March 25, 2025
Equity

THG rejigs capital structure with loan refinancing and £90m equity raise

Founder Matthew Moulding injects £60m while extending a term loan and revolver

Jennifer Law, March 25, 2025
Sub-sovereigns

Hessen returns to 10 year as swap spread stabilises

◆ Issuer strikes 'fine balance', prioritising size ◆ Pricing came in line with recent peers and KfW ◆ Have 10 year Länder bonds found their level?

Addison Gong, March 25, 2025
Supras and agencies

Supra and agency borrowers flood public sector dollar market

◆ Four issuers out in dollars, three in the same maturity ◆ Swap spread moves foil tightening potential ◆ Deals getting done, but market isn't 'white hot'

Elias Wilson, March 25, 2025
Sovereigns

France tweaks syndicated linker plan to bring €3bn tap

◆ Sovereign ‘clearly listened to investors’ ◆ 15-20 year linker tap slightly different from planned ◆ One long green tap left for 2025

Addison Gong, March 25, 2025
FIG

DNB Bank achieves 'a strong trade' in rare Nordic euro tier two

◆ Value versus domestic curve debated ◆ Scarce Nordic tier two supply helped trade ◆ Nordic names 'still performing during volatility'

Sarah Ainsworth, March 25, 2025