Rentenbank

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.

Investors stormed into Province of Ontario’s first euro benchmark in almost four years on Tuesday, allowing it to print a €1.75bn 10 year deal. Meanwhile, Rentenbank got €1.25bn away with an eight year print.

The Province of Ontario mandated banks on Monday afternoon for a 10 year euro benchmark in a return to the currency after an absence of almost four years. The issuer will be joined by Rentenbank, which plans a curve-extending eight year deal in euros.