AfDB

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.

Several supranational borrowers are eyeing dollar issuance after a blockbuster start to the market this week, SSA Markets understands. Denmark’s KommuneKredit capped off a week of oversubscribed trades from Libor plus issuers when it sold its first ever five year.

The African Development Bank, which last week sold its longest ever offshore Ugandan shilling deal, is examining further opportunities to borrow in African domestic capital markets. It sold its debut onshore Ugandan trade in July.

The African Development Bank (AfDB) is expected to price a tap of a five year dollar deals on Thursday afternoon. The agency is looking to price at a level similar to EBRD’s dollar tap earlier this week, but in twice the size.

The African Development Bank (AfDB) is eyeing a Kangaroo or dollar global to raise the $1bn it has left to print before the end of the year.

Rentenbank reopened the benchmark market for SSA borrowers on Monday with the first of a possible quartet of dollar trades that bankers expect to see in the near future.

A pair of European supranationals are expected to revive euro supply in October, following a two week pause in SSA benchmark issuance in the currency. Dollars hogged the limelight this week and three days of public holidays in China next week is likely to keep many borrowers away until October 8.

Tight swap spreads ticked even tighter on Friday, a day after the Federal Reserve unveiled QE3. The swap will make it hard for sub-Libor issuers to offer an attractive spread over Treasuries.