Nederlandse Waterschapsbank breaks records in CP as it exploits ‘cheap funding source’
Nederlandse Waterschapsbank (NWB) this week sold its largest ever piece of commercial paper having just recorded its highest month end level of CP outstanding in a year.
NWB sold a $1bn clip of 275 day paper on Monday, its largest commercial paper trade since it began its CP programme in 1999, according to Dealogic.
Since the beginning of the year, NWB has steadily increased its CP outstandings on March 31 they stood at $13.1bn,
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