Month: January 2020

Kommunalbanken, the financing agency for Norwegian municipalities, and L–Bank, the development bank for the State of Baden–Württemberg, built well covered order books as they brought what will likely be the SSA market’s final dollar benchmark deals of 2020.

Kommunalbanken, a financing agency for Norwegian municipalities and L-Bank, the development bank for the state of Baden-Württemberg, built well covered order books as they brought what will likely be the final dollar benchmark deals in the SSA market this year.

The UK Municipal Bonds Agency on Tuesday withdrew a planned bond sale for Warrington Borough Council as a result of the Public Works Loan Board’s decision last week to cut its lending rate by 100bp, meaning Warrington will have to reconsider what is the best funding option for it.

In calls with the UK Debt Management Office on Monday, the majority of Gilt-edged Market Makers (GEMMs) and some Gilt investors called for the UK to launch a new conventional bond maturing in either 2046 or 2051 via syndication next month.

Film buffs recognise that sometimes a sequel can be better than the original. Perhaps it does not have the same novelty, but scriptwriters can move on from establishing the back story to delivering a movie with wider appeal.

ICE Benchmark Administration Limited (IBA), the administrator for Libor, will consult on its intention to cease the publication of the majority of dollar Libor rates after the end of June 2023, 18 months later than originally planned.

This week’s funding scorecard looks at the progress supranationals have made in their funding programmes at the end of November, with some issuers also setting their targets for 2021 and starting pre-funding.