Nordic Investment Bank NIB

The Nordic Investment Bank drew plenty of demand on Tuesday for its debut green bond, which is also the longest dated dollar deal in the format by a supranational issuer.

The Development Bank of Japan will make a rare appearance in euros when it brings what is believed to be the first ever green bond by a Japanese issuer, the agency announced on Monday.

Nordic Investment Bank tapped a short 10 year Kangaroo bond on Monday, while European Investment Bank added R400m ($37.4m) to a five year line.

This week's scorecard features Scandinavian agencies. Most of these borrowers are at least halfway through their funding programmes as issuance begins to slow for the summer.

This week's scorecard features Scandinavian agencies. Most of the issuers have completed half of their funding requirement.

Longer than normal floating rate notes and currency plays could provide a large part of the private placement landscape over the coming months, funding officials and dealers said this week, in the wake of the European Central Bank’s decision to lower interest rates.

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 Scandinavian supranationals and agencies, with Nordic Investment Bank completing over half of its funding for the year and Kommunalbanken edging towards the halfway mark.

The dollar market went from strength to strength this week, with a trio of issuers gliding seemingly effortlessly through tightly priced deals. While this may signal to other SSAs that it’s time for some aggressive pricing of their own, things might not be that simple.

World Bank is set to become the third SSA to tap the dollar benchmark market this week, announcing a four year deal on Wednesday. Nordic Investment Bank completed a dollar benchmark of its own the same afternoon, cruising through the deal despite a skinny spread over swaps.

Kommuninvest mandated for its first dollar benchmark since October 2013 on Monday, a three year deal. Several other Scandinavian issuers are looking at dollar deals according to syndicate bankers, including the Nordic Investment Bank and Swedish Export Credit Corporation (SEK).

This week's scorecard features Scandinavian agencies, with Kommunalbanken and Municipality Finance getting their funding programmes off to a strong start over January. Next week's scorecard will provide updates on CEE sovereigns' funding.