European Bank for Reconstruction and Development EBRD

The Turkish lira’s value has been battered by a chaotic political and economic backdrop but, with yields at their highest level since 2007, some MTN investors are opting to take the plunge.

The nascent social bond market is keeping the primary public sector debt market ticking over as the end of the year approaches. Demand for the new asset class is swelling, and investors are beginning to make their preferences known.

This week's scorecard looks at the funding progress various supranationals have made in their programmes as the end of the year approaches.

Piraeus Bank will privately place a €500m five year covered bond to three supranational agencies in order to support €700m of new lending to small and medium sized companies across Greece.

Public sector borrowers this week smashed through their conventional curves with green bond issues. But there was some debate over whether this marks the start of a trend or is merely the product of scorching conditions in both the euro and dollar markets.

The European Bank for Reconstruction and Development on Thursday rounded out a busy week for green bond issuance with yet another deal that was covered before books officially opened.

KfW has punched through its conventional curve with a dollar green bond that left bankers away from the trade a similar colour of envy. More SRI supply is on the way, after the European Bank for Reconstruction and Development hit screens for Thursday’s business.

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

The Cover and GlobalCapital held the annual Covered Bond Awards Dinner on Thursday night at Casa Llotja de Mar in Barcelona, celebrating the best performers in the market.

After selling a green mortgage-backed covered bond to the International Financial Corporation and the European Bank for Reconstruction and Development (EBRD), Garanti Bank expects to sell its first publicly syndicated euro benchmark.

After selling $150m of green residential mortgage-backed covered bonds to the International Financial Corporation, Garanti Bank expects to sell another deal to the European Bank for Reconstruction and Development.

The Japan Bank for International Co-operation (JBIC) found traction with a stellar four tranche offering on Thursday, gratifying investors feeling the pinch from a year that has been somewhat light on dollar supply.