Nordic Investment Bank NIB

The Nordic Investment Bank (NIB) became on Wednesday afternoon the latest SSA name to attempt to borrow three year money from dollar investors. The supranational credit followed German agency, L-Bank, which priced its first dollar benchmark since April 2012 on Wednesday afternoon.

The Nordic Investment Bank and the European Investment Bank snapped up opportunities in niche currencies on Friday — NIB sold its first Brazilian real deal in almost two years and the EIB tapped a five year Norwegian krone deal. The deals are likely to be the first of a rush — niche currency markets will be a hotbed of activity in the coming weeks, said bankers.

Friday saw a flurry of activity in the 10 year area of the curve in Australian dollars, with supranationals looking to take advantage of yield hungry investors pushing along the curve and a favourable basis swap.

Nordic Investment Bank priced its second five-year dollar benchmark of the year on Tuesday afternoon. While the trade achieved punchy the issuer’s tightest ever spread to Treasuries, this proved a double edged sword as the deal failed to reach full subscription.

NIB opened books on a hotly anticipated five year dollar global dollar on Tuesday morning after weeks of speculation, taking encouragement from recent successful deals from SSAs in dollars.

The Nordic Investment Bank has announced plans to bring a global dollar benchmark this week following successful prints in the format by the International Finance Corporation and FMS Wertmanagement. The deal has been in the works for some time, and the success of recent dollar deals has encouraged the agency to re-enter the dollar market.

The Nordic Investment Bank (NIB) is considering a dollar benchmark deal in the near future, and is consulting with banks to determine feasibility and possible terms.

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.

Nordic Investment Bank (NIB) issued a new 20 year Swedish Krona bond on Tuesday, answering cash rich investors desperate to invest. However, bankers do not expect many SSA borrowers to answer the plea for new bonds.

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.

Nordic Investment Bank (NIB) priced a Nkr1bn ($.13bn) five year on Tuesday. However, SSA issuance in the currency has depleted this year as investor have chased yields moving from supranational to corporate issuers.

The Nordic Investment Bank printed a rare MTN denominated in Argentine pesos this week, as investors searched for yield from safe borrowers amid uncertainty.