KfW

This week's scorecard features updates on the progress of selected European supranationals and agencies through their funding targets for the year.

KfW

A conveyor belt of dollar benchmarks from SSAs passed quality control this week despite tough background conditions. But there are signs issuers are following those in euros by boosting concessions.

The euro market’s strength over dollars is impelling public sector borrowers to line up the currency for rare or even debut visits — and there are strong signs this opportunity could last longer than earlier windows.

Kommuninvest and KfW found good demand for short dated dollar benchmarks on Thursday despite difficult market conditions.

World Bank on Wednesday sold the largest dollar benchmark from an SSA since July, as other issuers lined up deals in the currency.

The increasing attractiveness of euros over dollars has led one public sector borrower to mandate for its first ever benchmark in the currency — and more debut issuers could follow.

A German agency has drawn over €7.5bn of orders for a euro benchmark despite offering a negative yield — leaving bankers puzzled over why no other issuers are hitting screens in the currency.

GlobalCapital's European SRI roundtable for 2015 brought together issuers, investors and bankers to discuss how to tackle the capital markets challenges of sustainable and responsible investment.

A German agency is set to tackle the short end of the euro curve, as a fall in rates across the curve limits issuers’ options in the currency.

A trio of European public sector issuers tapped Kangaroo and Kauri deals on Wednesday as bankers bemoaned the shortage of larger deals in Australian dollars.

Paying up to get size away in euros is a painful idea for public sector funding officials. But they will have to swallow their objections if they want to bring bulky deals in September.