NWB in the news

  • SSA secondary pricing update: Big fat Greek rally

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 3. The source for secondary trading levels is ICE Data Services.

    • 04 Feb 2020
  • NWB EUR1bn 0.05% Jan 30

    • 23 Jan 2020
  • NWB and Brandenburg take spotlight in euros as ADB lines up

    Nederlandse Waterschapsbank and the State of Brandenburg took advantage of a lack of euro SSA supply this week to bring well subscribed deals on Tuesday. The Asian Development Bank will be looking to follow with a 10 year euro benchmark on Wednesday.

    • 21 Jan 2020
  • Supras and agencies notch big wins despite unrest

    The public sector debt market has had a superb start to 2020, breaking records right and left in defiance of geopolitical tensions that, in previous years, would have scuppered the market as it left the dock, writes Lewis McLellan.

    • 09 Jan 2020
  • Mixed fortunes for SSAs in euros

    Two SSA borrowers tapped the seven year part of the euro curve this week, but came away with different results. Luxembourg received an oversubscribed book for its deal on Wednesday, while Nederlandse Waterschapsbank (NWB Bank) had to price without fully placing its €1bn trade.

    • 07 Nov 2019
  • NWB wrongfooted by Bund move

    A move in the Bund curve left the market too volatile for Nederlandse Waterschapsbank (NWB) to fully place its seven year euro benchmark on Thursday.

    • 07 Nov 2019
  • What’s wrong with good old green?

    Running in parallel with the rapid growth of the green bond market have been the numerous labels for these bonds. But the abundance of green labels risks confusing investors and diluting an important vehicle to finance projects to clean up the planet.

    • 15 Oct 2019
  • NWB EUR500m 0% Oct 34 water bond

    • 26 Sep 2019
  • A rainy day for NWB as water bond gets wet

    Nederlandse Waterschapsbank (NWB) failed to reach full subscription for its 15 year water bond this week, with the lead managers having to step in to help the Dutch agency raise €500m. The issuer attributed the lack of demand to the weak eurozone economic data published during book building.

    • 26 Sep 2019
  • 'Not an easy day' as NWB flounders with water bond

    Lead managers had to step in to help Nederlandse Waterschapsbank (NWB) raise €500m with a 15 year water bond on Monday, though a banker on the deal said that there had been strong demand for the transaction from ESG investors.

    • 23 Sep 2019
  • NWB preps longest ever water bond

    Nederlandse Waterschapsbank has selected banks for a €500m 15 year no-grow water bond, in what will be its longest ever maturity for a green bond.

    • 19 Sep 2019
  • SSA dollar names pile into topsy-turvy market

    The World Bank was one of a bevy of SSA dollar issuers raising a total of $8.4bn this week, with most of the trades indicating that investors coming back from the summer were having to decipher a completely different market to the one they left.

    • 21 Aug 2019
  • Dollar SSA market lit up with kaleidoscope of trades

    The dollar SSA market was ablaze on Tuesday, with five deals on screen offering small new issue premiums and gaining chunky demand across the maturity curve.

    • 20 Aug 2019
  • SSA duo kick away dollar cobwebs

    Land NRW and Nederlandse Waterschapsbank mandated for dollars on Monday, kickstarting the market again after a fortnight of blank screens in the currency.

    • 19 Aug 2019
  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the progress that Europe's supranationals and agencies have made in their funding programmes by the mid-point of August.

    • 16 Aug 2019
  • Kanga market starts to heat up

    As core markets in the northern hemisphere begin to cool, SSA issuers are looking towards an Australian dollar sector unaffected by the summer close.

    • 25 Jul 2019
  • SSAs pile into Kauri and Kangaroo peripheries

    As core markets in the northern hemisphere begin to cool, SSA issuers are looking towards a Kiwi and Aussie periphery unaffected by the summer close.

    • 22 Jul 2019
  • SSA pair follow KfW through slim window

    Last week’s tightly priced bond issue by KfW has inspired a slew of issuers to print three year dollar notes this week. The Asian Development Bank was first off the blocks on Tuesday with a new benchmark, while a tight Export Development Canada trade followed the next day.

    • 11 Jul 2019
  • MTN bankers await AIIB programme

    MTN bankers were “happy” to hear that the Asian Infrastructure Investment Bank is working on documentation for a Euro medium term note programme.

    • 11 Jul 2019
  • Euro MTN issuers go long

    A trio of agencies and an infrequent issuer have printed long dated paper in MTN euros this week, and there has also been long end corporate interest in Swedish kronor.

    • 07 Jun 2019

Dealer League Table NWB

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BofA Securities 0.60 2 13.14%
2 RBC Capital Markets 0.50 1 10.95%
2 Nomura 0.50 1 10.95%
2 Daiwa Securities 0.50 1 10.95%
5 NatWest Markets 0.38 1 8.21%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 10.53 15 13.17%
2 Citi 7.29 9 9.12%
3 Goldman Sachs 6.07 9 7.60%
4 SG Corporate & Investment Banking 5.99 6 7.50%
5 BNP Paribas 5.58 9 6.99%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 11.58 21 12.76%
2 JPMorgan 8.31 15 9.15%
3 BofA Securities 6.29 19 6.92%
4 TD Securities Inc 6.21 12 6.84%
5 Goldman Sachs 5.78 14 6.37%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17.15 25 10.98%
2 HSBC 11.44 27 7.32%
3 BNP Paribas 11.39 20 7.29%
4 SG Corporate & Investment Banking 10.56 15 6.76%
5 BofA Securities 10.00 23 6.40%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28.34 64 9.03%
2 Citi 23.13 51 7.37%
3 HSBC 19.70 60 6.28%
4 BofA Securities 18.29 54 5.83%
5 Goldman Sachs 17.20 35 5.48%