EIB

The EIB continued its run of Nordic currency-denominated supply with a tap of its 2017 Nkr bond yesterday. The deal is symptomatic of growing interest in high grade paper in those currencies, said bankers.

KfW printed a spate of large trades in dollars and sterling this week. Although the borrower is offering low levels at the short end, volatility surrounding the foreign exchange swap allowed investors to buy the borrower’s paper at more attractive levels.

Institutional investors focused on the long end of the Swiss franc curve this week ahead of upcoming sovereign, supranational and agency redemptions, which lead the European Investment Bank and Bank Nederlandse Gemeenten to tap well received outstanding deals.