Nordic Investment Bank NIB

The World Bank mandated banks for a new five year Kangaroo bond on Tuesday, following the sale of a Kauri deal in the same maturity from the Nordic Investment Bank. NIB enjoyed strong demand for the New Zealand dollar paper, owing to a combination of strong central bank buying and a domestic investor base starved of other opportunities for investment.

A pair of supranationals are set to launch Kangaroo deals in the middle of the curve this week, following a new five year deal in the format from KfW that is set to be priced on Wednesday.

This week's scorecard features Scandinavian agencies. Most of the issuers have completed their funding targets for the year, though Kommunalbanken, Municipality Finance and Swedish Export Credit Corporation have all expressed interest in prefunding for 2014.

The Nordic Investment Bank’s growing use of long term Kangaroos showed no signs of slowing on Tuesday, as the issuer tapped a 10 year Australian dollar bond and outlined its intent to be a fixture in the market next year.

Nordic Investment Bank expects to sell higher volumes of deals in Australian dollars and New Zealand dollars in 2014 as central banks show increasing interest in buying in the currencies.

Nordic Investment Bank is set to begin selling an Environmental Bond in Japan next week. Meanwhile NRW.Bank is expected to bring its first Sustainability Bond syndication later this week, taking advantage of a clear window after a large corporate issuer brought its debut Green Bond on Wednesday.

This week's scorecard features Scandinavian agencies. Several issuers have completed or are near completing their funding targets for the year, and some are contemplating prefunding their 2014 needs before the end of the year.

A pair of Nordic issuers, which printed in Australian dollars late last week, could look to take a bite out of their 2014 funding needs before the end of the year.

This week's scorecard features Scandinavian agencies. Most of the issuers are well funded for the year, with Municipality Finance leading the pack on 92% after its $1bn three year bond priced on Thursday.

The Nordic Investment Bank and the International Finance Corporation rounded out a busy week for non-core dollars on Friday, with NIB selling a long 10 year Kangaroo deal and IFC tapping five year Kauri debt. And next week could be even busier, syndicate bankers told SSA Markets.

The Nordic Investment Bank became the latest issuer to access the Kangaroo market on Thursday, opening books on a long 10 year trade. The International Finance Corporation has also begun bookbuilding for a five year Kauri tap.

Bank Nederlandse Gemeenten (BNG) may lead a small handful of issuers looking to print deals before investors pack their buckets and spades and head to the beach for the summer. The Dutch agency joins its compatriot Nederlandse Waterschapsbank (NWB) among the names that may well access public markets before August.