Asian Development Bank ADB

China Water Affairs has allocated its latest loan of $200m, doubling the deal size after a score of lenders formed the syndicate.

Supranational and agency borrowers have long anticipated a wave of demand from American investors as US government sponsored enterprise issuance dwindles. But this week there were concrete signs that the dollar bond market has shaken off the problems that prevented the big switch. Craig McGlashan reports.

The Inter-American Development Bank is the latest issuer to enter a red hot dollar market, after KommuneKredit and the Asian Development Bank raised money on Wednesday.

Last year’s difficult dollar conditions looked firmly in the past on Tuesday as a pair of issuers tapped different parts of the curve for big deals — and other issuers readied themselves for trades.

A $200m loan for China Water Affairs Group has been launched, with the Asian Development Bank providing half the fundraising and the remainder to come from lenders in syndication.

Positive comments by the head of the Asian Development Bank about his supposed rival, the China-led AIIB, has heightened speculation the pair have agreed not to fight turf wars, reports Anthony Rowley.

A supranational issuer fell just short of full subscription with a four year dollar deal on Wednesday, as SSAs looked for favourable pricing opportunities with unconventional maturities and short dated floaters.

A supranational issuer is set to snap up a funding official from one of its peers — for the second time this year.

The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it shows up previous iniquities while opponents fear it will be a mere tool for China's projection of power. Peter McGill reports.

A pair of Asian agencies have tackled the long end in dollars, but despite attracting big order books and setting spreads at the tight end of guidance, bankers stressed the deals should not be taken as a sign that the dollar market is back to full strength.

Green bond issuance in Asia has taken off this year after sluggish growth in the past, according to data by Dealogic.

Public sector borrowers have been seizing opportunities in the private medium term note market this week, following a burst of demand for short dated paper.