KommuneKredit

KommuneKredit has printed a no-grow €1bn seven year from an oversubscribed book, becoming the second Nordic agency to do a euro benchmark deal this week.

Despite the limited supply in the SSA market this week, with issuers avoiding issuing close to this week’s US Federal Open Market Committee meeting and the approaching Easter holidays, there was still room for a clash of issuers on Monday as one borrower felt compelled to slam the anchors on its proposed benchmark.

KommuneKredit is set to print a seven year euro deal on Wednesday, following a debut euro benchmark from Municipality Finance in the form of a €1bn October 2021 on Tuesday.

The World Bank on Tuesday mandated for a dollar benchmark, as action in the market heated up in anticipation of the Federal Open Market Committee’s meeting on March 15-16.

This week's scorecard looks at the funding progress of Nordic agencies.

Caisse d'Amortissement de la Dette Sociale (Cades) priced a £500m three year bond on the same day that KommuneKredit mandated for a tap in the currency.

This week's scorecard looks at the funding progress of Scandinavian agencies

Supranational and agency borrowers have long anticipated a wave of demand from American investors as US government sponsored enterprise issuance dwindles. But this week there were concrete signs that the dollar bond market has shaken off the problems that prevented the big switch. Craig McGlashan reports.

The Inter-American Development Bank is the latest issuer to enter a red hot dollar market, after KommuneKredit and the Asian Development Bank raised money on Wednesday.

Last year’s difficult dollar conditions looked firmly in the past on Tuesday as a pair of issuers tapped different parts of the curve for big deals — and other issuers readied themselves for trades.

This week's scorecard looks at Scandinavian agencies and their targets for 2016.

This week's scorecard features updates on the funding progress of selected Scandinavian agencies.