World Bank
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Swap dynamics tempt IBRD to pick up €3bn after 'fantastic start' to year
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French and Nordic agencies pile in to take advantage of conducive euro window
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Issuer aims to diversify as peers bring hefty supply in euros and dollars
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Value of guarantees questioned as investors still in the dark about fate of Ghana’s 2030s
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For the instrument to have a future, the process must be seen to have been fair
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There were few solutions to big issues in DC, but the dynamics of in-person meetings reinforced the severity of the challenge — and were vital for market participants
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This week's new issue tightened in secondary market by 1bp-1.5bp despite underlying volatility
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World Bank shines light on how to navigate jittery market
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Both issuers built books that were less than 1.5 times covered
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The NZ$800m deal follows NZ$475m outing from the European Investment Bank in early July
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SSA issuers to get used to dancing around more frequent market-quaking events
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Issuer finds dollar market’s pulse but currency to remain challenging for others