Bank Nederlandse Gemeenten

Bank Nederlandse Gemeenten is set to bring the first of several expected benchmarks in dollars this week following a lull in issuance due to Chinese New Year. Other issuers are likely to wait until after a Japanese holiday on Tuesday, allowing the Dutch agency to steal a march on its competition.

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

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

Read the funding scorecard this week to see how selected European supranationals and agencies have got on in the busy first few weeks of the year.

SSA bankers breathed a sigh of relief on Tuesday as the first euro benchmark from a core European agency of 2014 performed well despite looking a little sluggish during the morning’s business.

KfW is tipped to be next in line for a euro syndication after Bank Nederlandse Gemeenten prepared to open the market for 2014 on Monday.

Kangaroo issuance is expected to hold strong in the closing weeks of the year, though deal sizes are likely to remain small and focused at the long end of the curve. The sustained flow of smaller deal sizes in a traditionally quiet period of the year heralds a sign of the market maturing, said Kangaroo bankers.

Read this week's funding scorecard to see which European supranationals and agencies are nearly done for the year, and which have already begun prefunding.

Bank Nederlandse Gemeenten will polish off its funding target for the rest of the year with small deals, similar to a pair of trades it placed early this week, the issuer told SSA Markets on Tuesday.

The European Financial Stability Facility printed a heavily oversubscribed seven year syndication on Tuesday afternoon. Pricing that offered a double digit premium over France, plus banks, asset managers and central banks willing to look further along the curve in search of yield, helped the European bailout borrower to bring a deal at the upper end of size expectations.

The European Financial Stability Facility announced a seven year benchmark on Monday afternoon offering initial price thoughts wide of where the issuer's 10 year debt was trading on a mid-market basis, according to bankers away from the deal. The supranational announced the mandate as Bank Nederlandse Gemeenten failed to get over the line with a five year syndication.