• 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.

    • 03 Dec 2020
  • 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.

    • 19 Nov 2020
  • 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.

    • 13 Nov 2020
  • 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.

    • 12 Nov 2020
  • 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.

    • 21 Oct 2020
  • Supras plug away in quiet week

    Focus was on the public market this week, with supranationals making up the majority of MTN supply.

    • 16 Oct 2020
  • IFC GBP1bn 0.25% Dec 25

    • 08 Oct 2020
  • 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.

    • 07 Oct 2020
  • 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.

    • 22 Sep 2020
  • 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.

    • 14 Sep 2020
  • 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.

    • 27 Aug 2020
  • 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.

    • 19 Aug 2020
  • 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.

    • 29 Jul 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the start of July.

    • 08 Jul 2020
  • IFC unveils 2020-21 funding plan

    The International Finance Corp has announced its funding programme for its 2020-21 fiscal year.

    • 03 Jul 2020
  • 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.

    • 22 Jun 2020
  • 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.

    • 12 Jun 2020
  • 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.

    • 11 Jun 2020
  • Egypt green bond on hold as ESG market sparks

    Egypt’s debut green bond, which had been expected to come to market in the first half of the year, is on hold, according to sources. But although the coronavirus pandemic has impacted issuance for issuers such as Egypt, the green bond market is far from dead.

    • 09 Jun 2020
  • IFC revises funding target

    With one month to go of its 2019/2020 financial year, the International Finance Corporation has revised down its funding target.

    • 01 Jun 2020
  • IFC takes corona funding to Kangaroo market

    The International Finance Corp returned to the Australian dollar bond market to fund its response to the coronavirus pandemic on Monday, while at the end of last week BNG capped the strongest month for SSA Kangaroo deals for over nine months.

    • 01 Jun 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes as we reach the end of May and enter June.

    • 01 Jun 2020

IFC data breakdown

Sources: IFC, Dealogic

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.

 

 

IFC



 

Dealer League Table IFC

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 0.88 26 10.68%
2 TD Securities Inc 0.88 14 10.68%
3 BofA Securities 0.66 10 8.05%
4 ANZ 0.60 6 7.27%
5 Nomura 0.58 6 7.03%

Key
officials

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.

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.49 60 10.43%
2 BNP Paribas 35.95 41 8.82%
3 Citi 29.08 41 7.14%
4 BofA Securities 25.35 63 6.22%
5 Barclays 23.24 40 5.70%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 58.51 141 11.30%
2 JPMorgan 45.86 103 8.86%
3 Goldman Sachs 36.90 61 7.13%
4 HSBC 35.58 101 6.87%
5 BofA Securities 33.73 82 6.52%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 75.90 169 8.84%
2 BNP Paribas 71.26 133 8.30%
3 UniCredit 60.36 142 7.03%
4 Credit Agricole CIB 54.18 127 6.31%
5 HSBC 52.51 166 6.11%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 144.69 406 7.46%
2 Citi 123.55 295 6.37%
3 HSBC 106.48 347 5.49%
4 BofA Securities 94.90 253 4.89%
5 BNP Paribas 93.31 217 4.81%