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SSA

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◆ 'New SSA on the block' returns after six months ◆ Two more green bonds added to euro curve ◆ Pricing flat to fair value, 'consistent' spread to Dutch govvie achieved
◆ Finnish agency records largest green demand ◆ Deal came 10 years after issuer's ESG debut ◆ 'Right level' versus Finland and EIB
World Bank adds to busy dollar callable flow as Amprion and Gecina return for private taps

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  • This week's scorecard looks at the progress Nordic agencies have made in their funding programmes in early May.
  • SRI
    A small band of committed investors in Tesco has achieved spectacular success with a shareholder motion on healthy food. This should embolden investors to hold issuers to account on a wider range of social matters — and also contains a deeper lesson about how markets bring about change.
  • ‘Look at the issuer as a whole’ is the mantra of the corporate and supranational green bond markets, and rightly so. But we need to apply the same approach to sovereigns.
  • Recent trades have demonstrated just how sublime primary market conditions are for covered bond issuers, stoking a revival of the previously dormant sector.
  • Greece was the only public sector borrower to announce a new benchmark transaction on Tuesday, picking banks to lead a new five year syndicated deal.
  • Zuercher Kantonalbank is getting ready to become the first local Swiss bank to issue senior paper in euros, ahead of an important period in its funding schedule.
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