African Development Bank AfDB

The African Development Bank could join the Asian Development Bank in printing green bonds in the Uridashi market, while the World Bank is looking at SRI opportunities in Singapore.

The International Finance Corp could use the Kangaroo market to expand its burgeoning green bond programme.

Market participants have declared a pair of supranational deals to be top banana in this week's GC BondMarker voting.

This week's scorecard looks at the progress supranationals have made with their funding programmes this year.

Rating: Aaa/AAA/AAA

Short dated US dollar floating rate notes proved a popular product in the MTN market this week as some investors sought protection against a likely policy rate hike.

The African Development Bank (AfDB) this week became the latest public sector borrower to enjoy the red hot dollar market, printing a trade that drew an order book larger than its entire 2012 funding programme. Widening swap spreads have been a major factor in the dollar market’s fantastic run this year but a double whammy of event risk next Wednesday could bring it shuddering to a halt, writes Craig McGlashan.

The African Development Bank sold its largest ever benchmark on Wednesday, in a deal which bankers said should hammer home the issuer’s “new style” to investors. Meanwhile, Municipality Finance brought its first dollar benchmark of the year.

This week's funding scorecard looks at the funding progress supranationals have made in their funding progress by the end of January.

Rating: Aaa/AAA/AAA

Belgium hit a landmark on Tuesday, printing its biggest deal ever with a 10 year benchmark. Scoring a more modest €1bn, African Development Bank's second ever euro syndication also met with a warm reception.

The African Development Bank has announced that it will come to market for its second ever euro syndication.