FMO eyes cut to funding target after ‘blowout’ Tier 2

By Burhan Khadbai
10 Jul 2020

FMO may lower its 2020 funding target when it reviews its borrowing plan after the summer, which could lead to a postponement of a planned dollar benchmark to next year. The Dutch development bank made a strong return to the issuance of subordinated debt this week ahead of a call date in December of its previous deal in the format.

“Following our new tier 2, we are slightly over €1bn in terms of our funding for this year,” said Arthur Leijgraaff,senior treasury officer at FMO. “After the summer we need to have a look at our initial funding plan and determine whether we need to issue the ...

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