NWB in the news

  • Big price moves in short end dollar flurry

    Three agencies launched short end dollar transactions on Tuesday, two of which managed to pull their spreads into impressively tight levels.

    • 17 Oct 2017
  • SSAs line up for short dollars

    Agencies from the Netherlands, France and Germany are set to come to market on Tuesday for short dated dollar deals.

    • 16 Oct 2017
  • SSAs sowing the seeds of green pricing performance

    The much sought after trend for green bonds to outperform conventional paper in secondary trading is now a reality, according to public sector borrowers — but perhaps only for those with enough dots on their green curves to provide a comparison.

    • 29 Sep 2017
  • OeKB back in euros — with a bang

    Oesterreichische Kontrollbank has made a triumphant return to euros on Tuesday as it printed in the currency following a more than eight year absence. Elsewhere, Nederlandse Waterschapsbank sold a small long dated euro tap — a tactic SSA bankers expect to see more of.

    • 19 Sep 2017
  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the funding progress various European supranationals and agencies have made in their funding programmes as we head into the September rush.

    • 11 Sep 2017
  • GlobalCapital Sustainable and Responsible Capital Markets Awards 2017: the Winners

    France, Tennet, NWB and Berlin Hyp are among the green and social bond issuers acclaimed in GlobalCapital's Sustainable and Responsible Capital Markets Awards 2017, which were announced on Tuesday in Amsterdam.

    • 06 Sep 2017
  • KfW freshens Kangaroo long end

    KfW opened a new 10.5 year Australian dollar line on Wednesday, with the hope of drawing in the Kangaroo market's typical long end lender base.

    • 30 Aug 2017
  • NWB Bank EUR600m 1.625% Jan 48 affordable housing bond

    • 24 Aug 2017
  • Issuers and investors return early to derisk Draghi

    Outside observers may have been surprised to see European bond markets reopen after a short summer break this week. However, those involved in the market thought it a sensible move, write Nigel Owen, Craig McGlashan and Tyler Davies.

    • 24 Aug 2017
  • NWB and Renten set markers in euros

    Nederlandse Waterschapsbank brought some supply to the sparse long end of the SRI market on Tuesday, printing a trade that alongside Rentenbank was part of a strong re-emergence of euro supply after the summer.

    • 22 Aug 2017
  • Renten and NWB spark euro reopening

    The euro market for public sector borrowers appears to be fully reopening after the summer break, with a pair of issuers bringing mandates in very different tenors. Both trades are likely to benefit from the lack of supply over the last few weeks, said bankers.

    • 21 Aug 2017
  • NWB tap happy in dollars

    Nederlandse Waterschapsbank on Thursday became the latest issuer to tap into a hot summer market for dollars, increasing a tap from its initial size while printing flat to its curve.

    • 17 Aug 2017
  • Summer funding set to last in hot SSA dollar market

    Public sector issuers are taking advantage of strong summer conditions in the dollar market to bring green and arbitrage-style deals, with more issuance expected next week.

    • 03 Aug 2017
  • KfW and NWB pick banks for dollar trades

    Two European agencies are set to launch dollar transactions on Tuesday, defying any talk of a summer slowdown to take advantage of supportive conditions.

    • 31 Jul 2017
  • Euro SSAs return to Swiss market amid basis swap move

    Nederlandse Waterschapsbank this week became the first European SSA to print in the Swiss franc market since 2015, followed by Municipality Finance two days later. Favourable moves in the euro/Swiss franc basis, alongside rising Swiss interest rates, opened a window for old borrowers to return.

    • 27 Jul 2017
  • MuniFin follows NWB back to Swiss market

    Municipality Finance on Thursday became the second European SSA to enter the Swiss franc market this week, after Nederlandse Waterschapsbank became the first European SSA to place Swiss bonds since 2015.

    • 27 Jul 2017
  • European SSA returns to Swiss market amid basis swap move

    Nederlandse Waterschapsbank has become the first European SSA to print in the Swiss market since 2015, citing a favourable move in the euro/Swiss franc basis swap as a reason for the return.

    • 26 Jul 2017
  • SSAs fund in Kangas before market quiets down

    The Inter-American Development Bank (IADB) raised A$100m ($76.1m) on Tuesday by tapping its June 2026 Australian dollar bonds. It was joined later in the week by Nederlandse Waterschapsbank (NWB), the International Finance Corporation (IFC) and the European Investment Bank, which launched a tap that is expected to be priced on Friday.

    • 06 Jul 2017
  • IADB, NWB tap Kangaroo long end

    The Inter-American Development Bank raised A$100m ($76.1m) on Tuesday by tapping its June 2026 Australian dollar bonds, despite the remaining maturity falling short of where most long end Kangaroo demand resides. Meanwhile, Nederlandse Waterschapsbank responded to reverse enquiry, tapping its 3.5% July 2027 bonds for A$15m.

    • 04 Jul 2017
  • Five borrowers hop long with Kangaroo taps

    Four European agencies, and a New Zealand sub-sovereign found funds in the Kangaroo market this week. Nederlandse Waterschapsbank (NWB) on Tuesday priced a 10 year tap of a Kangaroo bond some 10bp tighter than where the original issue priced in January. Bankers said the pricing was an indication of the sheer levels of demand for long dated Kangaroo paper.

    • 27 Jun 2017

Dealer League Table NWB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BMO Capital Markets 1,163.51 3 11.23%
2 HSBC 1,028.28 5 9.92%
3 SEB 963.11 3 9.29%
4 TD Securities Inc 959.76 6 9.26%
5 Barclays 761.58 4 7.35%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 17,773.39 25 9.05%
2 HSBC 16,094.53 24 8.19%
3 BNP Paribas 14,513.99 21 7.39%
4 Barclays 14,014.48 21 7.13%
5 Goldman Sachs 13,328.33 24 6.78%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 47,624.49 114 11.86%
2 Citi 45,464.82 116 11.32%
3 HSBC 32,120.98 74 8.00%
4 Bank of America Merrill Lynch 31,796.56 92 7.92%
5 Deutsche Bank 26,169.34 61 6.51%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,369.73 94 7.27%
2 UniCredit 32,160.99 106 7.23%
3 Goldman Sachs 31,301.28 81 7.03%
4 BNP Paribas 30,965.57 63 6.96%
5 Barclays 30,125.25 71 6.77%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 85,921.52 293 7.36%
2 JPMorgan 85,692.63 478 7.34%
3 HSBC 75,413.89 256 6.46%
4 Bank of America Merrill Lynch 62,586.52 191 5.36%
5 Barclays 59,041.67 186 5.06%