Bank Nederlandse Gemeenten

Bank Nederlandse Gemeenten’s first seven year dollar benchmark in RegS/144A format is trading tighter in secondary the day after pricing, SSA Markets understands.

Bank Nederlandse Gemeenten attracted enough demand to a seven year dollar benchmark on Wednesday to print a deal that was $500m bigger than the minimum target size. The deal’s reception bodes well for issuance conditions next week.

A Dutch agency has mandated four banks to run a seven year dollar benchmark, SSA Markets understands. The deal is expected to be priced on Wednesday.

Bank Nederlandse Gemeenten is set to sell a seven year dollar benchmark on Wednesday, having set out initial price thoughts on Tuesday afternoon at a level bankers on and off the mandate were confident would ensure a successful print.

Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Bank Nederlandse Gemeenten returned to the Swiss franc market after a lengthy absence on Thursday, receiving a warm reception from Swiss investors as it sold a new 10 year bond.

This week SSA Markets provides funding updates on key European supranationals and agencies as we near the end of the first quarter. Click here to find out which issuers have completed nearly half of their 2014 funding requirements.

Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

The European Financial Stability Facility completed its €14bn funding target for the first quarter of the year with a €2bn tap of its July 2018 bonds on Wednesday. Elsewhere in euros, Bank Nederlandse Gemeenten sold a €1.5bn five year benchmark and Cades printed a €1bn tap.

The European Financial Stability Facility, Bank Nederlandse Gemeenten and Cades lined up to stuff full an already busy euro pipeline on Tuesday, after mandating banks for a series of euro deals. The issuers follow Belgium and KfW, which both attracted strong books to deals at different ends of the curve.

Read on to see how deals priced earlier in the year are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Read on to see how deals priced earlier in the year are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.