EM CREDIT SUPPLY: SHJGOV: final terms update

Feb-06 13:16

Fin Dept Govt of Sharjah (SHJGOV; Ba1/BBB-/)

New issue deal: EUR500mn WNG 7Y benchmark

UPDATE - source BBG
FINAL TERMS: MS+245bp
books over 1.8bn ex JLM

IPT @ MS+275bp area
FV @ z+230bp

Historical bullets

SCHATZ: Swap related trade

Jan-07 13:15

Schatz Swap related trade, suggest receiver:

  • DUH5 ~7.9k at 106.765.

PIPELINE: $1B Kuwait Finance House (KFH) 5Y SOFR Sukuk Launched

Jan-07 13:09
  • Date $MM Issuer (Priced *, Launch #)
  • 01/07 $1b #Kuwait Finance House (KFH) 5Y SOFR Sukuk +95
  • 01/07 $Benchmark Cncl of Europe Dev Bank 5Y SOFR+45a
  • 01/07 $6B European Investment Bank (EIB) 5Y SOFR+42
  • 01/07 $500M DBJ WNG 10Y SOFR+73
  • 01/07 $Benchmark World Bank 7Y +54
  • 01/07 $Benchmark ADB 3Y SOFR+31
  • 01/07 $Benchmark CIBC 5Y SOFR+75a
  • 01/07 $Benchmark Kommunalbanken 5Y +51
  • 01/07 $Benchmark Santander 5Y +135a, 10Y +160a
  • 01/07 $Benchmark Kexim 3Y +55a, 3Y SOFR, 5Y +75a, 10Y +90a
  • 01/07 $Benchmark SMFG 5.25Y +100, 5.25Y SOFR, 7Y +110a, 10Y +120a

STIR: Repo Reference Rates

Jan-07 13:03
  • Secured Overnight Financing Rate (SOFR): 4.27% (-0.04), volume: $2.349T
  • Broad General Collateral Rate (BGCR): 4.26% (-0.03), volume: $844B
  • Tri-Party General Collateral Rate (TGCR): 4.26% (-0.03), volume: $829B
  • (rate, volume levels reflect prior session)