Rentenbank

Rentenbank and Washington’s Inter-American Investment Corporation are the latest issuers out with mandates in dollars this week, as well-funded issuers look for price over size.

This week's scorecard features updates on the progess of selected European supranationals and agencies through their funding targets for the year. Most have almost reached their targets as we enter the final months of the year.

Rentenbank increased a tap of a March 2020 Kangaroo line on Wednesday while World Bank tapped a March 2017 deal, as improving cross currency basis swap rates make the short to medium part of the Kangaroo curve attractive for euro and dollar funding borrowers, according to bankers.

Rentenbank is set to price the second tap of a March 2019 Kauri bond on Thursday, hot on the heels of Kommunalbanken’s increase of its own March 2019 Kauri line.

This week's scorecard features updates on the borrowing programmes of selected European supranationals and agencies. Read on to find out which borrower is over 90% done for the year.

European agencies are likely to take advantage of opportunities for long dated funding in Australian dollars in the coming weeks, with a combination of a favourable basis swap and Japanese demand at the long end playing into issuer’s hands. However, investor demand is also strong in shorter maturities, as demonstrated by a long five year print from Inter-American Development Bank on Thursday.

This week's scorecard focuses on Europe's major supranationals and agencies, with most of the borrowers well advanced in their funding programmes as issuance begins to slow down for the summer.

A quiet week for core markets could be niche currencies’ gain, with New Zealand and Rentenbank both set to sell new long dated prints on Wednesday.

Read this week's funding scorecard to see which borrowers are approaching the 75% mark in their funding for the year.

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.

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.

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.