Pre-migration untagged articles

Kommunalbanken finalised its new Eu2bn European commercial paper programme on Tuesday.

Dexia Municipal Agency launched the first benchmark covered bond of the week, a Eu1bn eight year issue on Wednesday that was Dexia’s first since the European Commission approved the group’s restructuring plan earlier this month.

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

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Financial institutions, SSAs and corporate borrowers took advantage of vanilla euro demand this week as investor confidence crept slowly back to the MTN market in the wake of implied European Union support for Greece.

Westfälische Landschaft Bodenkreditbank on Thursday priced the first benchmark covered bond in the single-digits over mid-swaps since August 2008 on the back of strong investor support, notably from German accounts.

BNP Paribas priced a Eu1bn 10 year issue off its public sector obligations foncières programme on Thursday, which came after a Eu1.5bn seven year deal the French bank launched off its Home Loan programme at the beginning of January.

Crédit Mutuel Arkéa is setting up a société de crédit foncier for the issuance of public sector obligations foncières, while Société Générale plans to establish a société de financement de l’habitat to issue obligations à l’habitat once legislation to create the new product is passed.

Kommunalbanken Norway sold a A$350m increase of its February 2013 floating rate Kangaroo bond via BMO Capital Markets and Royal Bank of Scotland on Monday, during a quiet week for niche currency bonds.

Standard & Poor’s on Tuesday downgraded Alpha Bank’s covered bonds from AAA to AA-, the harshest cut it has yet made under its new methodology and the first to a Category 3 covered bond programme.