FED: Minneapolis's Kashkari: 2 More Cuts In 2025, But Longer-Run Dot Rising
Sep-19 12:50
Minneapolis Fed President Kashkari (leans dovish, 2026 FOMC voter) wrote in an essay out Friday ("Th...
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EGB SYNDICATION: Finland New 7-year Apr-32 RFGB: Priced
Aug-20 12:42
- Re-offer: 99.254 to yield 2.751%
From market source
More details to follow - Spread set earlier at MS + 29bp (guidance was MS + 31bps area)
- Size: E4bln (MNI expected E3bln but noted upsizing to E4bln was possible)
- Books in excess of E33bln (inc E2.25bln JLM interest)
- Maturity: 15 April 2032
- Coupon: 2.625%. Short first
- Settlement: 28 August 2025 (T+6)
- Hedge ratio: 110% vs 0% Feb-32 Bund. Spot ref: 85.71 / +34.5bp
- ISIN: FI4000591862
- Bookrunners: Barclays (DM/B&D) / Bofa Securities / Danske Bank / Deutsche Bank / J.P. Morgan
- Timing: TOE 13:29BST / 14:29CET. FTT immediately
From market source / MNI colour
PIPELINE: Corporate Bond Roundup: $3B British Columbia 5Y SOFR Launched
Aug-20 12:38
- Date $MM Issuer (Priced *, Launch #)
- 08/20 $3B #ADB 5Y SOFR+39
- 08/20 $3B #British Colombia 5Y SOFR+53 (books were over $8.7B)
- 08/20 $1B Nordic Investment Bank WNG 3Y SOFR+34
- 08/20 $Benchmark Nordea Bank 5Y +75a, 5Y SOFR
- 08/20 $Benchmark Athene Global 10Y +150a
- $15.9B Priced Tuesday
EURIBOR OPTIONS: Midcurve Call Spread
Aug-20 12:36
0RX5 98.25/98.375cs, bought for 2 in 4k.
