Aussie investors have cautious outlook for 2008

A survey of Australian investment managers released on December 19 by Russell Investment Group (Russell) indicates that investors are more bearish across the board than their US peers, and that a downturn in sentiment on equities has not been mirrored by a more positive view on bonds.

NRW.BANK gives 2008 funding update

One of the two German federal state development agencies with outstanding bonds in the Kangaroo bond market, NRW.BANK (AA-/Aa1/AAA), has now completed its funding task for 2007 and is making funding plans for 2008.

BNG completes 2007 funding

Dutch agency Bank Nederlandse Gemeenten (AAA/Aaa/AAA) (BNG) has completed its funding for 2007, with €11.3 billion (US$16.2 billion) issued in medium- to long-term notes. Bart van Dooren, head of funding and investor relations at BNG in the Hague, says the agency will probably raise in the region of €12 billion in the 2008 calendar year.

EIB taps inflation-linked Roo in private placement

The A$250 million (US$214 million) increase to European Investment Bank (AAA/Aaa/AAA) (EIB)’s 2020 inflation-linked Kangaroo, which priced on December 7, was sold as a private placement to an undisclosed destination.

Rentenbank sells Kauri private placement

On December 17 Rentenbank (AAA/Aaa/AAA) issued a NZ$50 million (US$37.7 million) Kauri bond via Westpac Institutional Bank. The notes have been granted repo eligibility by the Reserve Bank of New Zealand (RBNZ) and offer a 7.485 per cent coupon.

  1. NIB taps Kauri following further RBNZ repo changes
  2. Rentenbank reveals 2008 funding plans
  3. KBN prices NZ$225 million Kauri without NZ bank
  4. Rentenbank's A$200 million could be last Roo of 2007