Kommuninvest

The Inter-American Development Bank (IADB) and Kommuninvest this week awoke a dormant Kangaroo market with taps of their 2022 lines.

The Norwegian krone market hosted a series of deals this week, both domestic and in Eurobond format, as momentum picked up after the summer calm. Kommuninvest, Kommunalbanken (KBN) and the Nordic Investment Bank (NIB) all tapped this sector.

Hurrah! So the EIB, the one borrower that’s been put in the corner for most of the year, finally managed to tap the Kangaroo market this week. This is a positive sign for not just the EIB but for European SSAs in general but one mustn’t forget the mid-part of the curve still remains a no-go area for the EIB.

The European Investment Bank (EIB) finally jumped into the Kangaroo market this week with a much awaited 10 year new issue. Kommuninvest also dipped into the popular 10 year part of the Kangaroo curve on Wednesday.