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Presents information on the general status of medium term notes (MTN) and commercial paper (CP) issues in Europe as of October 28, 2004. Top Euro MTN Issuers of the Week; Top Transport/Shipping Euro MTN Issuers by Outstandings; Asset Backed Euro CP Outstandings.

Presents tabular representations and graphs related to the medium term notes (MTN) and commercial paper (CP) market in Europe as of September 10, 2004. Top Euro MTN issuers of the week; Private market for Euro MTN volumes by currency; Top Euro CP issuers of the week.

Presents statistics on Euro-commercial paper issuance in the Euro Multilateral Trade Negotiation (MTN) market as of August 19, 2004. Top Euro MTN issuers of the week; Private market weekly Euri MTN volumes by currency; MTN structured league.

Presents statistics on medium term notes (MTN) and commercial paper (CP) issues in Europe as of August 12, 2004. Top Euro MTN issuers; Investment banks which top the MTN structure market; Asset backed Euro CP outstandings.

Presents tables and graphs providing statistics on the medium term notes (MTN) and commercial paper (CP) market in Europe. List of the top Euro MTN issuers of the week ended June 17, 2004; Graphical representation of the private market for Euro MTN volumes by currency from April 29-June 17, 2004; List of top Euro CP issuers of the week ended June 17, 2004; MTN and corporate issuance league table.

The article reports that bank issuers of commercial paper (CP) have lengthened their maturity profiles after money market funds ignored the sovereign downgrades of Standard & Poor's (S&P). About 19 percent of CP issued by European banks had a tenor of less than 30 days in January 2012, the lowest proportion since August 2011. An overview of banks based in countries that suffered a downgrade to their sovereign ratings is provided.

The article reports on European issuers that managed to print in dollar commercial papers (CP), despite the euro/dollar basis swap becoming more positive by between 45 basis point (bp) and 50bp. Among them was Instituto de Crédito Oficial (Ico), which sold a 250 million U.S. dollars clip of CP in November 2011, to mature in just over a month. Issuers from core countries such as the Netherlands and Germany that also got big U.S. dollar deals include Kingdom of the Netherlands and KfW.

The article reports that trading in the U.S. money market has recovered with U.S. investors extending their buying duration from banks from one to three months. Market observers cite that improvements in the money market were noticeable in the prime funds sector, while demand for European bank paper has declined. Dealers of commercial paper (CP) report that sovereign/agency borrowers have dominated market share in Europe.

The article reports on the decision of U.S. investors European banks' commercial paper (CP) to limit their exposures by rolling into shorter dated paper or reducing the amounts they hold. It is said that the U.S. money market funds believe that a Greek default is imminent. Chris Conetta of Barclays Capital stresses that fund managers give more importance to their shareholders' perception of their investments than the actual credit-worthiness of those investments.

The article elaborates on the efforts of sovereign, supranational and agency (SSA) borrowers to increase funding in the European commercial paper market during the week ending May 7, 2010, by taking advantage of the flight to quality and volatility euro/U.S. dollar swaps. Among the largest dollar trades from SSA borrowers were Bank Nederlandse Gemeenten's 300-million dollars three month ticket and KfW banking group's 400-million dollars issuance.

The article focuses on the developments in the commercial paper market of Europe as of April 30, 2010. It was observed that investors have been ending their paper while others decided to cut their lines on Portuguese banks backed by the sovereign due to the downgrading of the country's local and foreign currency sovereign issuer credit rating and local and foreign currency short-term ratings. Details related to the bond issuances of the Republic of Portugal, Millennium BCP, and Allied Irish Banks are also given.

The article reports on an increase in the number of outstanding European commercial paper (ECP) issued by banks at the end of May 2009. According to Dealogic, banks have issued 56.16 percent of outstanding ECP compared with 54.59 percent at the end of April 2009. The total outstanding issuance for the ECP sector was $352.88 billion equivalent in the same period compared with $341.51 billion at the end of April 2009.

The article deals with the shortage of supply of corporate paper in the European commercial paper markets and its implication for the spreads achieved by the companies. According to a dealer, corporate supply is limited so spreads are still coming in for them. BMW, British Telecom, GE Capital and Vodafone are some of the issuers that tapped the market for large volumes. A Eu50 million three month ticket was issued by Linde which sold quickly at a tight spread. Meanwhile, a sterling-denominated paper was launched by Paccar and Honda Finance Europe.

The article reports on the claim of Fitch Ratings regarding the attractiveness of asset backed commercial paper for European issuers in the U.S. In the report "The European ABCP Paper Trail--January 2009," the agency says that this is mainly a result of the Commercial Paper Funding Facility (CPFF) introduced by the U.S. Federal Reserve in October 2008.

This article discusses the concern of commercial paper dealers over benchmark rates in Europe. According to the article, participants in the market believe that authorities are pressuring banks involved in the fixing of benchmark rates to set those rates at artificially low levels. It notes that though the various Euribors have been consistently decreasing, spreads on commercial paper have not reflected the change.

This article discusses the condition of the commercial paper (CP) market in Europe as of September 2008. According to the article, investor sentiment towards commercial paper improved, but flow volumes are still only around half what they were in September 2007. It notes that money market funds have been trying to liquidate positions to maximize liquidity and cope with investor withdrawals. It also observes that issuers are starting to look desperate to fund and issue paper.

The article offers update on the sovereigns that made up the bulk of trades in the European commercial paper market. Though flows have declined, the overall drop has not been comparable to the plummet in banks' share of paper. The fall has also not been nearly as precipitous as that of the U.S. commercial paper (CP) market, which fell $52.1 billion or 2.9 percent, to a seasonally adjusted $1.76 trillion for the week that ended September 17, 2008, according to the U.S. Federal Reserve.

The article reports on the Euro-commercial paper market which is said to have enjoyed a strong week. Volatility in sterling commercial paper (CP) picked up after the Bank of England Monetary Policy Committee's inflation report said consumer price index (CPI) should fall below 2% by the end of the year. In dollar paper, expectations of a Federal Reserve rate rise were dashed by comments from Federal Reserve chairman Ben Bernanke that inflation risk was easing.

Reports on the condition of the Euro commercial paper market (ECP) in Europe as of August 18, 2005. Issuance of the Spanish mortgage bank Caja Madrid of the debut trades off its ECP shelf; Investor demand for the commercial paper of Caja Madrid; Information on the funding program being ran by General Electric.

Presents an update on the European commercial paper market as of August 12, 2005. Indications of investor confidence; Total value of bonds issued by Spintab in euro and sterling denomination; Percentage of interest rates raised by the Federal Open Market Committee.

Discusses the trends in the European commercial paper market in 2005. Status of the spread market in the banking sector; Reduction in the senior unsecured debt rating of Ford by Fitch; Information on the rating given to an asset-backed commercial paper programme of Bayern LB by Fitch.

The article reports that investors in Europe are expecting a wide scale adoption of callable commercial paper (CP) in the region. According to Craig McGlashan of "EuroWeek," European banks have already begun printing callable CP in the US to help with their dollar funding. However, Federated Investments Chief Investment Officer Deborah Cunningham still expect change while flows are still small.

The article reports on the mixed performance of European paper companies in the bond market during the week of August 3, 2012. Some of these companies included Norske Skog, Stora Enso and Smurfit Kappa. Norske Skog's bonds rose by five points, while Stora Enso's issuance dropped. During the second quarter, Norske Skog's net interest-bearing debt dropped to 6.9 billion Norwegian krone (Nkr) while its cash flow increased to 423 million Nkr.

The article reports on the decline in commercial paper (CP) issuance by sovereigns, supranationals and agencies (SSA) in Europe on January 27, 2011 compared with issuance volume during the previous week. The trend is partly attributed to a tightening of the euro-dollar basis swap and arrival of new competitors in the market. Among the wind-down agencies that launched CP programmes were FMS Wertmanagement and Erste Abwicklungsanstalt. Large trades are still being issued by SSA borrowers in the short end.

The article reveals that Vodafone sold large euro tickets in the European commercial paper market.

The article reports on an increased issuance of SSA commercial paper in Europe in December 2009. An estimated 8 billion U.S. dollar of sovereigns equal to commercial paper were sold during the period. KfW sold an estimated 2.5 billion U.S. dollars equivalent of euro commercial paper (ECP) while Nederlandse Waterschapsbank issued 642 million U.S. dollars.

This article reports on the decline in European commercial paper (CP) issuance during the week of January 23, 2009. Spreads are tighter on top-rated names in the corporate sector as a result of a lack of supply. $82.7 billion (bn) is the total issuance for the week, according to Dealogic. By the end of January 22, total bank issuance dropped from $54.7bn to $42.5bn this week. Greater declines were posted by British and Irish banks. For instance, Barclays only issued $296 million (m) this week.

The article reports on the commercial paper (CP) market in Europe. Issuers pushed for funding and investors began looking at longer maturities in the said market. According to Dealogic data, many guaranteed bank paper were issued including those from Anglo Irish Bank, Bank of Scotland and Danske Bank. It is noted that spreads have been widening as triple-A issuers have to compete with guaranteed financial paper while lower-rated corporates have to lure risk averse investors.

The article reports on the launch of commercial papers by Australian and Swedish issuers in the European market. Swedbank, for one, had issued $515 million though dealers say that some of this is unguaranteed. Macquarie Bank issued $44 million in a three-month maturity, $30 million in one month and £10 million. Bank of Scotland, meanwhile, had issued $5.1 billion.

The article reports on the growth posted by the asset backed commercial paper (ABCP) market in Europe and the U.S. Some market participants warned that shrinkage was likely and that conditions were far from back to normal. Weekly ABCP outstandings in the U.S. increased from $773.8 billion on January 2 to $778.6 billion on January 9, 2008, according to Federal Reserve figures. Meanwhile, Euro ABCP outstandings have gone from $154 billion at the end of December 2007 to $159 billion to January 10, 2008.

The article reports on the lack of demand for asset-backed commercial papers (ABCP). According to European ABCP dealers, real money investors were scarce and those that were buying wanted very short maturities. Royal Bank of Scotland says that the Financial Services Authority may be considering lifting limits on banks' investments in conduits they sponsor.

Presents an update on the European commercial paper (ECP) market as of August 2005. Status of the asset-backed commercial paper sector in the ECP market; Expected interest rate cut of the sterling by the Bank of England's Monetary Policy Committee; Establishment of an ECP programme by Caja Madrid.

Reports on the condition of the euro commercial paper market in Europe as of August 5, 2005. Worth of commercial paper brought by Banque Fédérative du Crédit Mutuel to the market; Possible entry of several U.S. corporate borrowers in the euro market, including engineering firm Honeywell; Percentage of asset backed commercial paper being accounted for by banks.

Reports on the performance of the European commercial paper market as of July 2005. Revival of investor sentiment and liquidity levels following the terrorist bombings in London, England; Performance of euro and dollar yield curves; Percentage of new deals in the market taken by banks; Value of the denominated deal arranged by UBS (Australia).

Provides information on the loan trading of Telecom Italia in the secondary European market. Commercial paper trading made by the company; Decline of the retail bids; Estimated amount of floating notes.

The article reports on the performance of the European commercial paper market in 2007. The market grew steadily throughout the year to reach a peak in November. The growth rates in 2006 are even more impressive then given that the central banks in each of the core currencies continued to increase interest rates for most of the year.

Focuses on the growth of the European Commercial Paper market in 2004. Estimated value of the market in December; Sovereign and supranational agencies which dealt with the market; Support shown by the European Central Bank towards the market.

Comments on the condition of commercial paper issues in U.S. dollars in Europe, as of October 2004. Market share of bonds issued in U.S. dollars; Background on an increase in the demand for the maturity extension of CP in dollars; Information on the level of euro denominated asset-backed commercial paper purchasing. INSETS: Table commentary;Leak table.

The article reports that the Netherlands leads the European sovereign, supranational and agency (SSA) market with its 8.7 billion U.S. dollar paper. The Republic of Austria is also preparing to launch commercial paper amounting to 2.3 billion U.S. dollars. Meanwhile, the euro/dollar basis swap began to move to less negative territory.

The article covers issues related to European commercial paper (ECP) as of February 2010. Issuance of ECP by corporations reportedly rose, despite claim by market participants that dealers are obtaining such investment rapidly so the prices would indicate that there is a demand. It is said that a large amount of money in ECP was raised by Triple-A issuers, but the Kingdom of Sweden failed in some of its attempts. The basis swap is said to benefit some borrowers in the sovereign, supranational and agency (SSA) sector.

The article focuses on the return of corporate borrowers to the European commercial paper market. Eneco issued 28.7 million U.S. dollars, while Gas Terra sold 195.6 million U.S. dollars. A dealer said that the Gas Terra and Eneco paper traded very quickly. Meanwhile, a one month ticket valued at 225 million Euros was issued by BMW. According to a dealer, financials prefer to miss trades because they are just so liquid.

The article announces the return of infrequent triple-A issuers which included sovereign and agency issuers to the European commercial paper (ECP) market due to the lack of supply of ECPs from other borrowers and the rarity value of their papers to central banks in Asia and South America.

The article reports on the sale of a large volume of European commercial paper by sovereign, supranational and agency borrowers in September 2009. According to traders, the move was at least partly because of the favourable basis swap from dollars into euros. It is noted that the governments/sovereign issuance totalled 10.53 billion U.S. dollars equivalent.

The article reports that the value of commercial paper (CP) issues in the European market amounted to 6.22 billion U.S. dollars. Despite the increase in issuance, dealers are still saying that supply is short. Some of the issuers were International Endesa, Johnson Controls, Energias de Portugal and Procter & Gamble.

The article reports that spreads in the European commercial paper (CP) market have tightened in July 2009 due to issuers' decision to pull away from the market but demand continued to increase. A CP dealer from London, England said that spreads tighten further as demand increases for paper. Also, market participants are expecting a continued tightening of spreads as many issuers change their funding strategies and focus less on short-term funding.

The article reports on the increase in the proportion of dollar issuance in the European commercial paper as borrowers took advantage of a wide basis swap. One commercial paper (CP) dealer in London, England, says there has been volatility on the swaps. According to one dealer, while investors are moving away from financials a little bit, the bid is very strong on corporate names.

The article reports on the market condition of the European commercial paper. The commercial paper market struggled through a mountain of maturing and rolling paper ahead of the half-year turn, as of June 2008. Société Générale took a further step in winding up its structured investment vehicle, Premier Asset Collateralised Entity has wiped out junior capital note holders but repaid medium-term notes and commercial paper investors as it had promised to do.

The article reports on the condition of the European commercial paper (ECP). Corporate issuance continued to diminish this week in the EuroCP market, though dealers disagreed on the reasons why. According to CP, bank spreads are still widening, banks are willing to pay anything while corporates are a lot more conservative because they were relatively well funded.

The article reports that the commercial paper market in Europe had successfully negotiated by mid-2008. A large volume of maturing paper was reportedly rolled into new issues by the second week of June 2008 despite volatility in interest rates. It is said that the volatility in currencies have helped the commercial paper market since it provides opportunities to trade.

The article reports on the European commercial paper (CP) market. The author says that the current conditions in the market remained difficult for lower-rated borrowers, with further move toward triple-A and double-A names while bank names not being placed. According to the article, one month paper was the most popular tenor throughout the market, with most dealers placing the average at between one and three months.