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◆ Deal much more popular than issuer’s last ◆ Better tone, improved backdrop ◆ Extra 3bp ‘made a big difference’
EU’s second half funding announcement imminent, downside risk highlighted
Market in 'a process to find the new and appropriate levels', observes issuer
◆ Speculative interest anticipated ◆ Geopolitical tensions make little dent ◆ 15 year sweet spot for Dutch pension funds
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Agency could issue two to three more bonds, probably spread out over coming months
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Development bank now 82% funded for the year
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Agency attracts big book and raises $1bn with inaugural print
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Sector has 30% of its annual needs left to fund and the signs are positive for the race to year-end
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Sterling deal on the table for rest of the year, with similar target and strategy for 2025
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Two core currency benchmarks planned for autumn as issuer reaches 65% funded