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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the end of March.
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ADB sells debut education bond
The Asian Development Bank has sold its first ever education bond. The proceeds will go towards financing technical and vocational training for educators in the Asia Pacific region.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the start of February.
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IFC provides Nedbank with $200m for SA green projects
The World Bank’s IFC has provided a $200m loan to Nedbank, which is part of a broader attempt to help South African banks grow their green finance operations.
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Funding scorecard: supranationals
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.
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ADB makes Pakistani rupee debut
The Asian Development Bank made its first foray into the Pakistani rupee market this week, tapping a growing appetite for frontier currency-linked paper.
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IFC jumps into strong Kangaroo bond market
The International Finance Corporation became the latest supranational borrower to hit the Kangaroo bond market on Friday, coming after the World Bank’s monstrous deal earlier in the week.
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SSAs look to finish 2020 in MTNs
Issuers are winding down their funding programmes before the end of the year and several smaller SSAs have turned to MTNs to complete the little they have left to do. The big deals of the week, however, came from corporates, with Volkswagen and Eurogrid coming in at opposite ends of the curve.
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Asset World, Everbright raise green loans
Thai hospitality firm Asset World Corp and Hong Kong’s China Everbright Environment Group both tapped the green loan market this week.
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Supras plug away in quiet week
Focus was on the public market this week, with supranationals making up the majority of MTN supply.
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IFC GBP1bn 0.25% Dec 25
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IFC sells biggest ever sterling bond as basis swap improves for non-UK funders
The International Finance Corporation made a strong return to the sterling market on Tuesday by printing its biggest ever bond in the currency with a negative new issue concession, as issuance heats up thanks to an improvement in the cross currency basis swap for dollar and euro borrowers.
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Covid-19: SSA response bonds
Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.
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IFC appoints regional funding heads
The International Finance Corporation has named two of its senior funding officers to lead the supranational’s borrowing operations in Europe and Asia.
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IFC brings new five year to quiet Kauri market
International Finance Corp sold the first Kauri bond in more than two months on Thursday, while in the Kangaroo market a pair of European agencies tapped a pocket of demand further down the curve.
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IFC jumps on 10 year dollar bandwagon
The International Finance Corporation has mandated banks to lead a 10 year dollar bond in what will be the fourth public sector borrower to sell a bond in this part of the curve this week.
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IFC hops into the Kanga long end
The International Finance Corporation sold the first SSA Kangaroo deal in over three weeks on Thursday, returning to the market with a A$100m ($71.9m) 11 year bond.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the start of July.
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IFC unveils 2020-21 funding plan
The International Finance Corp has announced its funding programme for its 2020-21 fiscal year.
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KBN prints bumper Kauri amid Kiwi dollar boom
Kommunalbanken snagged NZ$500m ($324.5m) on Friday with the second largest Kauri bond of the year. Interest in the New Zealand dollar is high, with NZ$1.1bn worth of SSA Kauri deals printed so far this month — and more are set to follow.
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MuniFin returns to Kauris after seven years
Finland’s Municipality Finance returned to the domestic New Zealand dollar bond market on Friday after a long absence, to raise its largest Kauri bond since 2008.
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IFC shifts ESG focus onto banks with new dealer scorecards
The International Finance Corp has launched the first systematic process by an issuer to formally integrate environmental, social and governance (ESG) considerations into choosing its bookrunners. Senior funding officials and sustainability bankers have welcomed the initiative as an important evolution in the use of ESG in capital markets, write Burhan Khadbai and Jon Hay.
IFC data breakdown
Credit rating | Aaa/AAA |
Basel II risk weighting |
0% |
Headquarters |
2121 Pennsylvania Avenue, NW, Washington, DC 20433 USA |
See Funding scorecard: supranationals for IFC's funding progress this year.
Dealer League Table IFC
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 0.53 | 8 | 61.53% |
2 | Mizuho | 0.11 | 1 | 13.10% |
3 | TD Securities Inc | 0.06 | 4 | 7.39% |
4 | Morgan Stanley | 0.06 | 1 | 6.97% |
5 | Nomura | 0.06 | 3 | 6.66% |
Key |
Flora Chao, global head of funding Marcin Bill, senior financial officer Elena Panomarenko, senior financial officer Maki Yasui, senior financial officer Yuri Kuroki, associate financial officer Hiroyasu Hirano, associate financial officer Zauresh Kezheneva, financial analyst Esohe Denise Odaro, investor relations officer Sophie Peeters, investor relations analyst |
Overview commentary |
The International Finance Corporation (IFC) is a member of the World Bank group. It provides investment and advisory services to build the private sector in developing countries. The IFC was established in 1956 and ended that year with 56 member countries. Membership has increased gradually, standing at 184 at the end of 2011-2012 financial year. The member countries provide IFC’s authorised share capital of $2.58bn, 51% of the capital are held by G7 countries, collectively determine its policies, and approve investments. |
Guarantee | All of IFC's notes constitute direct, unconditional, general and unsecured obligations of the corporation. The notes are not obligations of the IBRD or of any of its shareholders and IFC's notes are not fully or partially guaranteed by the World Bank or any of its shareholders. |
Ownership structure |
IFC has 184 Member Countries and 51% of the capital is held by G7 countries. IFC has strong shareholder support and is the only supranational with fully paid-in capital, exclusively in US dollars. |
Private placement policy |
IFC aims to maintain its position as an active and flexible issuer of plain vanilla and structured notes and works on reverse enquiry basis offering extensive products including interest rate linked, FX linked, index linked, equity linked, FRNs, emerging market currencies/linkers, Bermudan and European callables. Minimum size $3 million equivalent; maturities ranging from 1 to 30 years. |
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Most Viewed: SSA
Bank Profiles
Latest news by market and league table performance
European Sovereign Bonds
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 10.32 | 10 | 10.59% |
2 | JPMorgan | 9.57 | 13 | 9.82% |
3 | Nomura | 9.49 | 9 | 9.74% |
4 | Deutsche Bank | 8.69 | 9 | 8.92% |
5 | HSBC | 7.49 | 7 | 7.68% |
Dollar Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 16.30 | 28 | 13.42% |
2 | JPMorgan | 13.72 | 32 | 11.30% |
3 | HSBC | 8.80 | 22 | 7.25% |
4 | BofA Securities | 7.68 | 15 | 6.33% |
5 | BMO Capital Markets | 6.49 | 10 | 5.34% |
Bookrunners of Euro Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 18.40 | 43 | 9.08% |
2 | Deutsche Bank | 18.01 | 25 | 8.89% |
3 | Citi | 16.47 | 20 | 8.13% |
4 | Barclays | 13.49 | 21 | 6.66% |
5 | HSBC | 12.63 | 23 | 6.24% |
Bookrunners of Global SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 37.34 | 58 | 9.23% |
2 | JPMorgan | 35.63 | 124 | 8.81% |
3 | Deutsche Bank | 27.56 | 42 | 6.81% |
4 | HSBC | 25.10 | 55 | 6.20% |
5 | Barclays | 21.56 | 42 | 5.33% |