BMO Capital Markets
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Canadian issuer taps into three different currencies within one week -
Canadian issuer takes bigger amount than originally targeted
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Other SSA peers held back as market turned volatile
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‘A number of milestones’ achieved from rare long-dated green issuance
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◆ Market volatility no hindrance for foreign and domestic FIG issuers ◆ They take advantage of favourable conditions ◆ May volume to end more than 80% higher compared with a year ago
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Redemptions, limited supply and a favourable rates outlook created a window for the issuer
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German agency saw greater savings than what its sovereign was thought to have managed on the same day
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Firms facing consequences from green commitments
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Investors have swarmed to FIG FRNs despite looming interest rate cuts
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Dollar SSA issuance to build, though euros offering tighter pricing for many
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Bond was sized to ensure secondary performance, and it indeed it has performed
