KommuneKredit

This week's scorecard looks at the progress Nordic agencies have made in their funding programmes at the start of November. Some of the issuers have also set their funding targets for 2020.

Guarantor: All Danish municipalities and regions

KommuneKredit failed to set the market alight with the first euro syndicated public sector bond since mid-July, excluding deals from German Laender. The Danish agency only managed to sell €500m for the 11 year benchmark and was unable to tighten the spread during pricing.

Danish agency KommuneKredit mandated banks on Monday for its first euro-denominated bond of the year and the first euro syndicated public sector bond since mid-July, excluding German regions.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.

KommuneKredit returned to triple-A status with Standard & Poor’s on Wednesday, after it was downgraded a notch last summer following an overhaul of the rating agency's credit scoring methods for non-US public sector agencies.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.

Guarantor: All Danish municipalities and regions

World Bank raised $4.5bn of five year bonds on Tuesday with its first dollar benchmark of the year. Municipality Finance (MuniFin) joined it at the tenor a day later, but this is widely expected to be SSA issuers’ last hurrah in the currency for a few weeks.

This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes halfway through the first quarter.

Public sector agencies from the Nordic region are adapting to S&P Global Ratings’ overhaul of its rating methodology. So far, only KommuneKredit has been downgraded under the new rating criteria, but others could suffer similar fates.