EIB

A public sector borrower eked out €500m of tightly priced euro supply on Tuesday, as activity in the currency was subdued while market participants digested the latest news on Greece’s bail-out negotiations.

The Flemish Community of Belgium has hit the market with a quartet of private medium term notes — a rare appearance from a public sector borrower in the currency this week.

European Investment Bank tapped a 2021 sterling floating rate note for £250m on Wednesday. Some sterling buyers are moving from the short end to the belly of the curve in search of yield, said SSA bankers.

FMS Wertmanagement placed a short three year bond in sterling on Tuesday, while the European Investment Bank announced a tap of a 2021 line in the currency.

A dollar market that has been a haven for issuers avoiding the troubled euro sector is starting to show signs of congestion, bankers have warned.

The public sector dollar bond pipeline for Wednesday is filling up, with a series of issuers set to follow a three year dollar benchmark from the European Investment Bank on Tuesday.

The European Investment Bank has mandated for a dollar benchmark, a currency that has formed a much larger part of its issuance compared to the last few years.

A pair of issuers were able to access sterling in size this week as European investors increasingly seek to buy in the currency.

A group of supranationals has published guidelines for green bond impact reporting, hoping to make it easier for investors to make comparisons within the asset class.

A group of supranationals has published guidelines to green bond impact reporting, which it is hoped could make comparing green bonds easier for investors.

European Investment Bank tapped a short dated sterling benchmark on Tuesday as bankers in the sector predict more supply in the currency.

While the public sector bond market in euros faces uncertainty, dollars is providing borrowers with a haven for issuance.