EIB

This week SSA Markets provides funding updates on key European supranationals and agencies. Click here to find out which issuers have completed over half of their 2014 funding requirements.

Rentenbank sold more than double its minimum target with a long dated Kauri deal on Thursday, highlighting diverse demand for bonds denominated in the currency. The European Investment Bank and KfW also seized on investor demand for long dated paper, selling 10 year Kangaroo taps.

Germany’s Joint Laender and the European Investment Bank tapped the 10 year part of the curve in euros on Thursday. The Laender came with a new issue benchmark that failed to get over the line and the EIB a tap that brought its January 2024 line to €4bn.

The Province of Ontario hired banks for a new 10 year dollar benchmark on Thursday afternoon, the second Canadian issuer to pick the maturity this week. The Friday execution will allow the issuer to hit the market before an expected spate of issuance next week.

The European Stability Mechanism is expected to take centre stage in the new issue markets next week as holidays in Europe and Asia make for a small window. The European bail-out borrower is tipped to mandate for a 10 year deal — although three and five years are also options.

ADB and EIB kicked off what SSA bankers expect to be a busy week in sterling, as holidays in Japan and much of Europe, a Federal Open Market Committee meeting and non-farm payrolls data are set to make benchmark issuance in dollars or euros tricky.

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 SSA Markets provides funding updates on key European supranationals and agencies as we near the end of the first quarter. Click here to find out which issuers have completed nearly half of their 2014 funding requirements.

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.

The European Investment Bank sold the first sterling green bond from a public sector issuer on Wednesday, with the deal’s Climate Awareness Bond status contributing to a highly positive response from investors.

The European Investment Bank is set to break new ground in the green bond market after mandating banks for a six year Climate Awareness Bond on Tuesday — the first time a public sector issuer has attempted to print a green bond in the currency.

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.