BNG starts benchmark bond season early

Bank Nederlandse Gemeenten, the Dutch development agency, has taken advantage of better-than-expected bond market conditions to complete a quickfire benchmark bond sale ahead of the market's traditional September rush.

BNG, rated AAA and one of the Eurobond market's biggest borrowers, sold $1bn (€1.1bn) of three-year bonds on Thursday after a brief round of marketing late on Wednesday.

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