EIB

The European Investment Bank sold its fourth ever Climate Awareness Bond denominated in South African rand on Wednesday, catering to growing interest in socially responsible investing from retail investors.

After the European Investment Bank was overwhelmed with orders for a three year dollar benchmark on Wednesday, bankers are pushing issuers to take advantage of demand that has stayed strong despite the skinny yields on offer. Japan Finance Organisation for Municipalities is next up to test demand in dollars, mandating for a five year benchmark in the currency.

The European Investment Bank will sell a new three year dollar benchmark on Wednesday, after mandating leads on Tuesday afternoon.

This week SSA Markets provides funding updates on key European supranationals and agencies after what is traditionally the busiest issuance period of the year. Click here to find out which issuer has completed over 30% of its 2014 funding requirement.

Sterling’s strong start to the year showed no sign of letting up on Tuesday as the European Investment Bank and Swedish Export Credit Corporation raised £750m between them. The strong flow could be a fixture of the year, with some issuers that returned to the currency in January already mulling more deals.

Read on to see how benchmarks priced in the first three weeks of the year are performing in the secondary market. Trading levels given are the bid-side spreads versus mid-swaps and/or an underlying benchmark bond as of Thursday's close. The source for secondary trading levels is Interactive Data.

A long 10 year Kangaroo bond from the European Investment Bank on Thursday may have set the scene for a bumper week of deals at the longer end of the curve next week. The pipeline for shorter deals will be bare, however, with Asian holidays stifling demand.

The European Investment Bank showcased central banks’ focus on diversification on Tuesday afternoon, selling a Canadian dollar benchmark. The currency enjoyed a resurgence in 2013 as central banks increased their buying of non-core dollars.

The European Investment Bank mandated lead managers for a new Canadian dollar benchmark on Monday afternoon, looking to secure demand from central banks keen on diversifying their holdings.

An attractive cost of funding compared to euros and dollars lured Oesterreichische Kontrollbank to sell its first sterling debt in nearly five years on Monday afternoon. Other issuers could follow the Austrian agency soon, according to syndicate bankers.

Read on to see how deals priced in the first week and second weeks of the year are faring. Trading levels given are the bid-side spreads versus mid-swaps and/or an underlying benchmark bond as of Thursday's close. The source for secondary trading levels is Interactive Data.

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.