Caisse d Amortissement de la Dette Sociale

Council of Europe Development Bank and Caisse d’Amortissement de la Dette Sociale returned to the sterling market for the first time in nearly two years on Wednesday. The issuers took advantage of a strong start to the year for the currency, although some bankers believe sterling’s popularity could be short-lived.

Caisse d’Amortissement de la Dette Sociale crowned a barnstorming day in dollars on Wednesday, selling its largest ever benchmark in the currency. Asian Development Bank and the European Investment Bank also basked in strong demand with trades further out the curve.

Asian Development Bank and Caisse d’Amortissement de la Dette Sociale are set to bring dollar deals in the short to medium part of the curve, joining European Investment Bank in a spurt of issuance in the currency.

Caisse d'Amortissement de la Dette Sociale could return to the sterling market for the first time since 2012 this year, joining a series of other issuers that have been able to take advantage of attractive conditions since the new year.

Read this week's funding scorecard to see which European supranationals and agencies are nearly done for the year, and which have already begun prefunding.

A trio of issuers are rumoured to be looking at dollar deals next week. But as red hot demand for deals in the currency shows no sign of cooling, SSA bankers are scrambling to convince more borrowers to bring deals.

Read this week's funding scorecard to see which European supranationals and agencies are nearly done for the year, and which have room for another benchmark.

Basis swap volatility following the US Federal Reserve’s decision to keep quantitative easing at its current pace failed to dampen demand for euro funders’ dollar commercial paper on Thursday, as a series of sovereigns, supranationals and agencies printed.

Plenty of SSA issuers took a big bite out of their funding targets in the short window of issuance between the end of the summer and this week's FOMC meeting. Here we provide updated figures on selected European supranationals and agencies.

FMS Wertmanagement is set to price a three year dollar benchmark on Wednesday afternoon, following on from a deal in the same maturity from France’s Cades on Tuesday.

German development bank, KfW is set to price on Tuesday, the biggest ever seven year global dollar bond away from issuance by US GSE borrowers. The issuer will price a $3bn deal in line with guidance. Two other SSA borrowers tapped shorter maturities in the currency.

France’s Cades and Sweden’s Kommuninvest were the first issuers out of the gates with mandates for dollar trades on Monday, and at least two more agencies are eyeing the market. One of those is rumoured to be considering the first seven year in several months.