Market Information Wednesday 25 May 2022

Yesterday, Austria raised EUR 4 billion with a green bond debt sale. The bond, due to mature on May 23, 2049, priced for a yield of 1.876%, and Austria’s Treasury retained EUR 250 million of the issuance, it said. Following the issuance, Austria plans to raise another EUR 1 billion this year from issuing short-term green debt. Austria will be the first government to include short-term debt instruments in its green debt programme.

India has imposed restrictions on sugar exports for the first time in six years by capping this season’s exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market. The government has also asked exporters to seek its permission for any overseas shipments between June 1 and October 31, the order said. India is the world’s biggest sugar producer and the second biggest exporter behind Brazil.

Sri Lanka will present an interim budget and a two-year economic recovery plan within six weeks to get the country out of a deep economic crisis. Prime Minister Ranil Wickremesinghe said Tuesday that he fears inflation could rise to as high as 40% if subsidies on fuels disappear and the central bank has to print more money. According to the prime minister, about a trillion extra rupees are needed.

The 6M Euribor decreased with 1 basis point to -0.09% compared to previous business day. The 10Y Swap decreased with 5 basis points to 1.68% compared to previous business day.