Nederlandse Waterschapsbank

The higher level of new issue premium SSAs have to pay in dollars is set to be showcased this week, after a pair of European borrowers hit screens on Monday with benchmarks 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.

One of the biggest borrowers in the public sector capital markets is gearing up to test demand in the belly of the euro curve, two days after a less than ecstatic investor response to a 10 year from Finland.

Public sector benchmark issuance snapped back after extreme volatility in credit and equity markets early this week, but bankers are concerned about the depth of demand in the currency.

Nederlandse Waterschapsbank, which raised $600m at the short end of the dollar curve on Thursday, is considering the currency for its next green effort.

The European Financial Stability Facility is set to create a new pricing benchmark on Tuesday — but the latest Greek worries could make conditions turbulent.

Nederlandse Waterschapsbank drew strong demand for its longest ever dollar benchmark on Thursday, after it joined Inter-American Development Bank in the seven year part of the curve this week.

A Dutch agency has mandated for a seven year dollar benchmark, following a deal from Inter-American Development Bank in the same tenor that drew strong demand.

A Dutch agency picked up £250m on Wednesday with its first visit to the sterling market in nearly a year.

Sovereign, supranational and agency Kangaroo issuance in 2015 so far reached over A$4bn ($3.3bn) this week, topping volumes in the format for the whole of January 2014. The news comes as Nederlandse Waterschapsbank announced a new Kangaroo line and KfW reopened a five year bond in the currency.

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.

Nederlandse Waterschapsbank is set to sell a $1.5bn three year benchmark at the tight end of initial price thoughts — a level through its curve, according to one of the leads. Finnvera priced a straight five year having revised its maturity from a January 2020 announced on Monday.