Supranationals & Agencies
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Council of Europe offers haven for dollar investors
Publish date | 23 May 2013
Council of Europe on Thursday was set to price a $1.25bn five year trade flat to its curve underscoring the strength of the dollar market as investors flush with cash look for safe haven credits in which to park their cash.
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KDB leads Korean attempts to find international capital
Publish date | 23 May 2013
The Korea Development Bank (KDB) made its first foray into the euro market since 2007 on Wednesday with a €500m five year bond. The borrower’s attempt to appeal to European investment grade buyers rather than its traditional Asian and domestic investor base allowed it to achieve a pricing 15bp through initial price thoughts (IPTs). Next from the country could well be a dollar deal from the sovereign, which is looking to market itself in the UK and the US.
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KBN Kanga benefits from yield hunt
Publish date | 23 May 2013
Kommunalbanken (KBN) sold five year Kangaroo debt on Thursday, taking advantage of investors’ search for paper carrying wider spreads along with a more favourable basis swap in the belly of the curve.
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COE and KfW add to bumper week for dollars
Publish date | 22 May 2013
The Council of Europe Development Bank (COE) will add to a rush of short-end dollar supply on Thursday, having mandated banks for a five year global deal. The trade follows a five year dollar global from KfW on Wednesday afternoon and deals from Swedish Export Credit and Österreichische Kontrollbank on Tuesday.
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Unédic finds diverse demand at seven years
Publish date | 22 May 2013
Unédic priced a new €1.5bn seven year benchmark at the tight end of guidance on Wednesday, with the French unemployment insurance entity attracting a healthy geographical spread of investors.
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KBN to follow AfDB and IADB into Aussies
Publish date | 22 May 2013
Norway’s Kommunalbanken (KBN) will sell five year Kangaroo debt on Thursday, following deals in similar maturities from the African Development Bank (AfDB) and the Inter-American Development Bank (IADB) on Wednesday.
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ÖKB and SEK find success in fives and threes
Publish date | 21 May 2013
Österreichische Kontrollbank (ÖKB) sold its first benchmark of the year on Tuesday, a five year dollar global. The oversubscribed deal drew healthy demand, particularly from central banks, and was priced 5bp inside of where initial price thoughts were offered on Monday. Swedish Export Credit Corporation (SEK) was also active in dollars, selling a three year deal. Leads on both deals said that demand was stimulated by volatility in rates encouraging investors to look at shorter maturities.
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KfW and Unédic add to SSA supply
Publish date | 21 May 2013
KfW and Unédic have both announced new benchmark mandates in what is expected to be a week of heavy supply in the SSA market.
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Spanish short term yields rise ahead of bond auction
Publish date | 21 May 2013
Spanish three month yields rose for the first time in months at auction on Tuesday, ahead of a longer dated debt sale later in the week.
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ÖKB and SEK mandate for dollar benchmarks
Publish date | 20 May 2013
Österreichische Kontrollbank (ÖKB) mandated banks for its first benchmark dollar deal of the year on Monday, a five year global. Swedish Export Credit Corporation (SEK) has also announced a dollar benchmark, mandating banks for a three year deal. Both trades are expected to be priced on Tuesday.
