ESM-EFSF

The European Stability Mechanism has opted to sell what will be its shortest dated bond to date on Tuesday, after mandating banks for a two year bond on Monday afternoon. Meanwhile, the State of North Rhine-Westphalia grabbed some funding at the long end of the curve.

The European Stability Mechanism has cut its funding target for the rest of the year by €2bn after Spain made an early repayment on its €41.3bn ESM loan for the recapitalisation of its banking sector. The move means that the ESM will be able to complete its funding for the year with just one more benchmark, said SSA bankers.

This week's scorecard features updates on the progess of selected European supranationals and agencies through their funding targets for the year. Most have almost reached their targets as we enter the final months of 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 features updates on the progess of selected European supranationals and agencies through their funding targets for the year. Read on to find out where borrowers stand as several returned to benchmark issuance this week after the summer lull.

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.

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.

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.

Greece's €1.5bn July 2017 from four weeks ago suffered a near 50bp widening versus Germany over the past week, as investors stormed into the eurozone core. But most safe haven assets like the World Bank's $1.75bn December 2016 from last week tightened against swaps and benchmarks.

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.

Banco Espírito Santo reported a €3.6bn loss this week, but the Portuguese soveriegn looks safe from contagion. Its $4.5bn October 2024 from four weeks ago has tightened versus swaps since pricing.

The European Financial Stability Facility attracted more demand than expected to a rare 30 year print on Tuesday, raising €4bn — completing its funding task for the fourth quarter.