African Development Bank AfDB

The European Investment Bank was able to tap into Swedish demand for sustainable investment last week by selling a new krona denominated Climate Awareness Bond. Demand for Socially Responsible Investment (SRI) bonds is growing in Sweden and could provide an opportunity for SSAs willing to meet the pricing demands of the local investors.

Socially responsible investment (SRI) bonds are making a splash. The IFC, IFFIm, and the EIB have brought deals this year and the African Development Bank has plans to sell its inaugural international trade this year. Principally an SSA product, bankers in the market are split as to whether this is a genuine good thing or a whole heap of greenwash. A market this immature will have anomalies, but that should not stop its development.

The African Development Bank (AfDB) has announced that it plans to issue a Green Bond in the autumn. Meanwhile the EIB was putting the final touches on a €650m Climate Awareness Bond as SSA Markets went to press.

This week's funding scorecard focuses on some of the major supranational borrowers. Next week's scorecard will give an update on the funding progress of a number of CEE sovereigns.

Goldman Sachs and Standard Chartered were able to steer investors into another African Development Bank dollar bond on Thursday after they were forced to withdraw a tap of the borrowers 0.875% March 2018 global on Tuesday because the price of the outstanding paper meant that a tap would have fallen foul of US tax laws.

Beginning today with a round up of some of the biggest supranational issuers, SSA Markets will publish each Friday an update on how much funding SSA issuers have raised and how much they have left to find. Click on the borrower's name or it's logo to see more data.

Norway’s Kommunalbanken (KBN) will sell five year Kangaroo debt on Thursday, following deals in similar maturities from the African Development Bank (AfDB) and the Inter-American Development Bank (IADB) on Wednesday.

The International Finance Corporation could be back with another green benchmark as soon as July, SSA Markets understands.

The African Development Bank (AfDB) hopes to sell its first global green bond this year, SSA Markets can reveal. The supranational has been working on the issue internally since last year.

The African Development Bank (AfDB) is adding Taiwanese life insurance companies to its investor base this year as rising swap levels make callable zeros from top supranationals a more palatable option for buyers.

The African Development Bank (AfDB) sold its first Australian dollar denominated debt of 2013 on Thursday, pricing flat to its curve in the currency. The deal is the latest in a glut of SSA Aussie dollar deals this month but investor appetite shows no sign of abating.

The African Development Bank (AfDB) will become the third supranational borrower this week to price a dollar benchmark trade proving that there is adequate appetite for rich paper from top quality borrowers despite the meager yields and tight spreads on offer.