KommuneKredit

The euro benchmark market is set to welcome a debut issuer this week, while a rare borrower in the currency was able to increase a syndication from its initial €500m target.

The increasing attractiveness of euros over dollars has led one public sector borrower to mandate for its first ever benchmark in the currency — and more debut issuers could follow.

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

A pair of public sector borrowers — including a super rare issuer in dollars — have nipped in ahead of a data laden September to bring deals this week, following the lead of Denmark’s KommuneKredit.

SSA issuers coming in dollars before the next US payroll data release on September 4 are likely to take a conservative approach — a route already taken by two borrowers this week.

KommuneKredit could branch out into more niche currencies after receiving an enthusiastic response for its inaugural Canadian dollar benchmark.

A European issuer is about to bring the first three year Maple bond in two years, after several moving parts moved into place to make the deal possible.

Sweden has mandated banks for a new three year dollar benchmark bond, set to be priced on Tuesday. Two other issuers are also believed to be looking at the currency, although they might use Sweden’s deal as a guide on whether to come this week, said bankers.

KfW is set to bring a three year dollar benchmark on Tuesday, in what bankers say could be a tight window for issuance in the currency. At least two other borrowers are thought to be looking at dollar deals this week, but may wait for KfW to test the water first.

This week's scorecard features updates on the funding progress of selected Scandinavian agencies. Read on to see which are over three-quarters done for the year.

This week's scorecard features Scandinavian agencies. Most of these borrowers are at least halfway through their funding programmes as issuance begins to slow for the summer.

This week's scorecard features Scandinavian agencies. Most of the issuers have completed half of their funding requirement.