Kommuninvest
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Recent euro tap lured big order book amid scarce supply -
◆ Relative value against covereds is important ◆ Spread 'could have been pushed more' ◆ Lack of SSA supply a factor
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Short-dated, highly rated SSAs could trade tighter amid hopes of the US government shutdown ending
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Headline risk ‘doesn’t tamper with the appetite for SSA products’ at the moment
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◆ Canadian issuers return to dollars ◆ AfDB brings rare dual-trancher ◆ Kommuninvest offers diversification
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Four deals from a total of seven announced on Monday will price in dollars
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◆ A new social bond issuer is born ◆ Agency opts for domestic currency for debut, keen to print again ◆ First Swedish SSA with a social use of proceeds bond
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Half a dozen syndicated deals in euros and dollars to kickstart new week
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New head of debt management discusses first dollar deal of year
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Swedish agency plans to print its first social bond but has not decided in which currency
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◆ Kommuninvest spread surprises bankers ◆ KommuneKredit takes twice covered book ◆ ‘A tough one at the moment’ for euros
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Agency could issue two to three more bonds, probably spread out over coming months
