Bank Nederlandse Gemeenten
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New dollar social deal stands out from the crowd
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◆ KfW to price with tight Treasury spread ◆ BNG ‘able to sufficiently differentiate itself’ ◆ Massive books continue from last week
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Mandates flood in for dollar and euro deals as EU prepares to offer dual-tranche deal
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Two day execution brings bank successful start
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Dutch agency could change euro-dollar funding mix
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◆ Deal has a large $2.5bn size ◆ Front end opportunity opens up ◆ €18bn raised so far in 2024
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◆ Three year bond cost ‘flattish to euros’ ◆ Tight Treasury spread? No bother ◆ €10bn left to do of €80bn target
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◆ KfW issues its final dollar benchmark of 2024 ◆ Dollar cost improved but remains pricier than euros ◆ Agency peers BNG, KBN also found support
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Fast money goes missing as issuers try to sell at tight spreads
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◆ Issuers serve up five, seven and 10 year deals ◆ Finland takes record size in a decade ◆ World Bank access euro and dollar on same day
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Agency wraps up a busy July and heads into the autumn with €5bn-€6bn to fund
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Dutch issuer has now funded two thirds of its annual programme