Nederlandse Waterschapsbank

Nederlandse Waterschapsebank has pushed the funding boat out in euros, by selling a rare 50 year MTN.

NRW.Bank will on Tuesday become the latest public sector borrower to enter a super strong dollar market that shows no sign of shutting down for the summer, after the German agency mandated banks on Monday.

See how World Bank and NWB's benchmarks scored in GC BondMarker

Last week's new benchmarks are available to rate on GCBondscore.

World Bank reopened the SSA market on Wednesday with a $5bn three year dollar deal that met with a rapturous reception from supply starved, but cautious, investors.

Rating: Aaa/AAA

A pair of bumper dollar deals from top-tier borrowers reopened the SSA benchmark market on Wednesday after a two-week hiatus, drawing something of a line under a period of market uncertainty.

With the hree new issues in the market this week progressing well, the SSA market seems to have put Brexit chaos in the past and returned to business as usual.

Nederlandse Waterschapsbank will tomorrow print the first benchmark since the UK shocked markets with a vote to leave the European Union on June 23.

Nederlandse Waterschapsbank showed the bid for duration in euros is alive and well, after a rapid book build on Thursday on its debut 20 year euro syndication, while a French agency lined up a dual tranche deal.

A slumbering euro market for core issuers kicked into life on Wednesday, as Nederlandse Waterschapsbank looked to take advantage of a strong bid for duration and the European Financial Stability Facility sent out a request for proposals for its deal window next week.

With spring finally arriving in London, public sector bankers were warming up for an expected burst of dollar issuance as the second quarter kicks in next week — with a full rainbow of maturities available for the first time since the summer, writes Craig McGlashan.