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Easter holidays and Middle East volatility subdued regular private placement activity though Gulf states step up private funding
Extra yield pick-up kept the bid firm for both formats in private placements
New appointment comes amid strong Asian private placement activities
FIG issuers pile into front to mid-end floaters in private placements across currencies
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◆ African supranational prints first Hong Kong dollar public bond since February ◆ Achieves funding through US dollars ◆ Joins active private placement flow
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Higher rate expectations have sharply reduced the possibility of bonds being redeemed this year
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Higher rates from the outbreak of the war have enhanced callable MTNs' yield appeal
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◆ Tobias Landström on recent dollar three year trade ◆ Investors keen for short-dated dollar paper ◆ Dollar and euro funding levels have improved
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◆ AIIB's Darren Stipe on cementing top tier status ◆ Cross-currency funding changes ◆ AIIB printed around $1bn dollar callables last year
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Varied issuance in senior credit this week, including blue and green bonds, as ultra-long vanilla duration returns in SSA private placements