BNG shows value of transatlantic flights as Cades admits it must work harder in dollars

Caisse d’Amortissement de la Dette Sociale (Cades) sold its debut 144A bonds and Bank Nederlandse Gemeenten (BNG) issued its biggest-ever dollar new issue this week, underlining a strong bid for short-dated dollar assets. But contrasting onshore US sales between the deals showed the benefit of repeat visits to investors in the country.