SSA issuers turned towards niche currencies this week to meet a range of demand across the Australian and Canadian dollar curves. KfW and the Asian Development Bank started the week printing in Australian dollars, before the World Bank joined them in the currency while also returning to the Maple market.
World Bank hit screens with a dual tranche Canadian dollar Sustainable Development Bond on Wednesday before opening books on Thursday. The issuer reopened its July 2024 line, while also placing a new 10 year note.
“The World Bank is a very popular name in Canadian dollars, and it