IFC launches first social bond in private placement format

The International Finance Corporation (IFC) has extended its newly minted social bond programme into the private placement market. MTN bankers believe the social format could prove more popular in the private market than green bonds.

  • By Lewis McLellan
  • 25 Jul 2017

The supranational raised $100m of 10 year paper with a private placement sold through Crédit Agricole. The bond carried a coupon of 2.383% and was priced at par.

A spokesperson at the IFC said that the level was inside the borrower’s public dollar curve but in line with the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 15 Aug 2017
1 Citi 15,385.63 18 9.46%
2 HSBC 13,772.74 20 8.47%
3 Barclays 12,759.91 17 7.84%
4 BNP Paribas 12,627.67 17 7.76%
5 UniCredit 10,414.96 14 6.40%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Aug 2017
1 Citi 35,350.37 89 11.90%
2 JPMorgan 32,405.66 89 10.91%
3 HSBC 23,085.62 57 7.77%
4 Bank of America Merrill Lynch 22,774.13 72 7.67%
5 Deutsche Bank 20,925.41 48 7.04%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Aug 2017
1 UniCredit 27,882.50 83 7.54%
2 HSBC 26,837.88 80 7.26%
3 BNP Paribas 26,644.13 51 7.21%
4 JPMorgan 25,780.28 74 6.97%
5 Goldman Sachs 25,705.53 67 6.95%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Aug 2017
1 Citi 67,442.22 233 7.48%
2 JPMorgan 66,663.61 382 7.39%
3 HSBC 58,185.06 216 6.45%
4 Barclays 49,495.16 150 5.49%
5 Bank of America Merrill Lynch 48,974.55 153 5.43%