Nederlandse Waterschapsbank
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Nederlandse Waterschapsbank (NWB) has sold its first New Zealand dollar Eurobond since 2008. The issuer moved after secondary levels in comparable bonds had tightened strongly.
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Kreditanstalt für Wiederaufbau (KfW) added SEK500m ($71.21m) worth of bonds to the unseasonally high level of activity in the Swedish krona market this week with a tap of its 2019 bond on Friday.
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Nederlandse Waterschapsbank (NWB) grew its niche currency market presence this week as it added SEK200m ($28.65m) to its 2017 bond and priced a Sfr100m ($102.059) 2024 bond.
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Nederlandse Waterschapsbank sold a £75m tap of its September 2016 notes on Friday, taking the total outstanding to £275m. The deal is the fourth of the week in a market that has previously lain dormant for weeks.
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Like the cancellation of the Fade deal last week, this week’s disappointing dollar trade from NWB will do little to hinder the progress that SSA borrowers have made so far this year.
