This page is dedicated to research articles on primary fixed income markets. For further information please contact Dan Barnes.
ORIGINATION
Origination: World Bank issues record Wonton Bond
The World Bank has issued the largest ever Hong Kong dollar (HKD)-denominated bond issued by a foreign entity in the country, breaking its own record set last August.
The $8 billion five-year sustainable development bond...
Origination: Investors side-eye Salesforce US$25 billion issuance to fund equity purchase
Salesforce returned to the US investment-grade market on 11 March issuing US$25 billion senior unsecured bonds. Book to build for the various tranches came at 1.4 as investors worry about the agentic AI impact...
Origination: Citi issues first digitally-native structured note
Citi has issued a digitally-native structured note on Euroclear's digital financial market infrastructure (D-FMI) distributed ledger technology (DLT) platform.
The note is an autocall with a worst-of payoff on a basket of equities indices.
Coupon and...
Origination: Germany issues bumper green bund
Germany has issued its first 15-year green bond, maturing 2041.
This is the country’s first issuance under the new Green Bond Framework, and adds to existing securities maturing 2035 and 2050. Updated in January, the...








