Sub-Sovereigns

  • Lugano sells rare ultra-long Swissie deal

    Lugano sells rare ultra-long Swissie deal

    THE CITY of Lugano sold a bond that has pushed the Swiss franc curve out to its farthest point this week, locking in a coupon of 0.15% for 50 years, following a similar deal for Bern last month.

    29 Oct 2020
  • Guest view: The ECB can axe Alberta bonds’ repo eligibility

    Guest view: The ECB can axe Alberta bonds’ repo eligibility

    GlobalCapital has argued that it is not the ECB’s job to exclude individual borrowers’ bonds from its list of repo-eligible securities on environmental grounds, in response to our call for the Province of Alberta’s debt to be removed from its list of eligible marketable assets (EMA).

    28 Oct 2020
  • ECB can't pick and choose, even for the environment

    ECB can't pick and choose, even for the environment

    An ESG think tank believes that the European Central Bank should drop Alberta’s euro bonds from its list of eligible marketable assets, as a punishment for its support for polluting industries.

    27 Oct 2020
  • Italy and Québec jump into strong euro SSA market

    Italy and Québec jump into strong euro SSA market

    Italy and the Province of Québec will add to the euro public sector supply on Thursday, hoping to capitalise on the strong momentum in the currency following the European Union’s record order book earlier in the week.

    21 Oct 2020
  • Euro SSA market strong ahead of EU arrival

    Euro SSA market strong ahead of EU arrival

    It was a moderate week for supply in the primary euro public sector bond market but the issuers that did come found ample demand, setting up a decent backdrop for the expected arrival of the European Union’s big borrowing programme next week.

    15 Oct 2020
  • KfW and Paris score in quiet euro SSA market ahead of EU’s arrival

    KfW and Paris score in quiet euro SSA market ahead of EU’s arrival

    KfW and Ville de Paris grabbed the attention of investors at the opposite ends of the euro curve on Tuesday in what has been a thin week for issuance in the currency by public sector borrowers ahead of the expected arrival of the EU’s first syndicated bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme next week.

    13 Oct 2020
  • KfW readies seven year euro benchmark

    KfW readies seven year euro benchmark

    KfW mandated banks for a seven year euro benchmark on Monday, a deal which was already expected to arrive this week and could well be the German agency’s final public deal in the currency this year.

    12 Oct 2020
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