EIB

One of the largest borrowers in the SSA market is unlikely to engage in pre-funding this year, SSA Markets understands. It has around €10bn left to raise before it completes its 2014 funding requirement.

The European Investment Bank priced on Wednesday a July 2020 note denominated in Turkish lira — only its second new issue syndication in the currency since 2011, according to Dealogic.

This week's scorecard features updates on the borrowing programmes of selected European supranationals and agencies. Read on to find out which borrower is over 90% done for the year.

Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

This week's scorecard focuses on Europe's major supranationals and agencies, with most of the borrowers well advanced in their funding programmes as issuance begins to slow down for the summer.

Outstanding volumes of euro denominated commercial paper issued by SSAs in the European Union have fallen since the European Central Bank cut rates earlier this month. But there are signs that demand could be on the up for non-euro denominated paper.

Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

SSA issuers looked to alternative forms of funding on Thursday as a holiday in much of Europe and the Federal Open Markets Committee meeting statement on Wednesday evening — not to mention most issuers being fairly well stuffed with cash after a busy six months of issuance — made benchmark execution difficult.

The European Investment Bank priced a three year dollar benchmark on Wednesday at what is the tightest level to its peers in Washington DC since the eurozone debt crisis, according to one of the leads.

The European Investment Bank hired a trio of banks to run a three year global as Swedish Export Credit Corporation priced a deal that was more than twice subscribed on Tuesday, at a level that was through its curve according to leads.

Read this week's funding scorecard to see which borrowers are approaching the 75% mark in their funding for the year.

Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.