Nederlandse Waterschapsbank

Nederlandse Waterschapsbank sold a £75m tap of its September 2016 notes on Friday, taking the total outstanding to £275m. The deal is the fourth of the week in a market that has previously lain dormant for weeks.

Like the cancellation of the Fade deal last week, this week’s disappointing dollar trade from NWB will do little to hinder the progress that SSA borrowers have made so far this year.