Bank Nederlandse Gemeenten

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.

Read this week's funding scorecard to see which European supranationals and agencies are nearly done for the year, and which have room for another benchmark.

Basis swap volatility following the US Federal Reserve’s decision to keep quantitative easing at its current pace failed to dampen demand for euro funders’ dollar commercial paper on Thursday, as a series of sovereigns, supranationals and agencies printed.

Bank Nederlandse Gemeenten nipped in ahead of the US Federal Reserve’s surprise decision to hold back on the tapering of quantitative easing to print a $127m three year floating rate note on Wednesday.

Plenty of SSA issuers took a big bite out of their funding targets in the short window of issuance between the end of the summer and this week's FOMC meeting. Here we provide updated figures on selected European supranationals and agencies.

Bank Nederlandse Gemeenten (BNG) printed a pair of unorthodox dollar callable zero coupon deals late last week, but bankers were unsure whether the unusually long non-call dates were the start of a new trend.

Municipality Finance hired banks to run its first ever three year dollar benchmark on Wednesday, while Bank Nederlandse Gemeenten (BNG) was finishing up a deal in the same tenor.