Bank Nederlandse Gemeenten
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Three dollar issuers found no lack of demand at the short end when printing a trifecta of 2018s this week but tougher markets played into more defensive pricing strategies — at least in the early stages.
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Senior SSA bankers are fretting that situations such as this week's clash between two Dutch agencies, which drove one of the pair to pull its deal, could become unavoidable, writes Craig McGlashan. -
A trio of public sector borrowers ventured beyond the 10 year part of the euro curve on Wednesday — but only two were able to return with cash after one Dutch agency appeared to steal another's thunder.
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A blowout 30 year euro trade from the European Stability Mechanism on Tuesday prompted a flurry of longer dated euro offerings from SSA borrowers this week but issuance has been busy across the euro curve.
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A trio of European public sector issuers tapped Kangaroo and Kauri deals on Wednesday as bankers bemoaned the shortage of larger deals in Australian dollars.
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A member of a sovereign’s funding team has left the country’s treasury for a job at a European agency.
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Bank Nederlandse Gemeenten has returned to the Kangaroo bond market with a 10 year tap, less than a week after it added to the same line.
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Bank Nederlandse Gemeenten has added to a long dated Kangaroo bond, as investors hunting for liquidity pushed through what is one of a handful of deals in the format in the past month.
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A European agency has become the first SSA borrower to bring a syndication after a referendum on bail-out conditions returned a ‘no’ vote in Greece over the weekend.
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A pair of borrowers printed oversubscribed dollar deals in conservative maturities on Tuesday, finding conditions easier than at the long end of the euro curve.
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Two SSA borrowers are out with dollar deals early this week — trades that could set the tone for the rest of the week’s issuance in the currency.
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A sell-off in European government bonds this week has public sector bond bankers hoping that investors may soon be tempted to buy public sector new issues in euros in greater size.
