World Bank
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This week's new issue tightened in secondary market by 1bp-1.5bp despite underlying volatility -
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
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Huge new emergency package from US-based supranational likely to be spread over a number of years
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The window for SSAs to issue long duration opens and shuts in days
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Others are not expected to follow after cool reception
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SSA issuers line up new bonds in a market that has been tepid towards the sector
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Issuer planning $3bn more, but no new debt due despite bankers’ hopes
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Issuers head to farthest reaches of the curve despite record inflation and looming rate rises before opportunity closes
