European Bank for Reconstruction and Development EBRD
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The International Finance Corporation has become the most recent supranational to print in Russian roubles, following close behind a trio of its peers that made rare appearances in the currency last week. High yields in the currency, despite Russia’s central bank cutting its key interest rate, have bankers expecting more supply to come. -
Investors piled into the European Bank for Reconstruction and Development’s tap of a long one year Indian rupee line this week, creating one of the largest ever single tranche deals in the currency’s offshore bond market.
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Despite a strong backdrop for issuance this week few SSAs are willing to bring benchmark deals in euros, as issuers wait until the full effect of the European Central Bank’s quantitative easing announcement last week plays out. Meanwhile, the next meeting of the US Federal Reserve’s Federal Open Market Committee and a winter storm approaching New York are limiting dollar issuance windows.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
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This week's scorecard features updates on the progress of selected supranationals through their funding programmes.
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A short window of issuance is open for borrowers with dollar benchmarks to do ahead of the Thanksgiving holiday next week that heralds the traditional close of the market.
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The European Bank for Reconstruction and Development and the Clean Technology Fund have created a $350m financing facility aimed at boosting investment in energy efficiency improvements in Turkish homes, to help residents in the country reduce their energy bills.
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The European Bank for Reconstruction and Development and the Clean Technology Fund have created a $350m financing facility aimed at boosting investment in energy efficiency improvements in Turkish homes, to help residents in the country reduce their energy bills.
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The European Bank for Reconstruction and Development attracted orders of about $1bn to a five year global on Wednesday afternoon, GlobalCapital understands, and priced the deal in line with initial price thoughts. The deal contrasts sharply with a 10 year from the World Bank a day before that was oversubscribed by more than $1bn and was priced at the tight end of guidance.
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Public sector borrowers looking to sneak in dollar bonds before the market traditionally closes for the year on Thanksgiving next week can step into a roaring hot market. The amount of cash available to be put to work has been resoundingly demonstrated by a pair of borrowers printing some of the largest deals ever at the long end of the curve.
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The European Bank for Reconstruction and Development (EBRD) is arranging an $80m syndicated loan to JSC Dariali Energy in Georgia to develop, build and operate a greenfield hydroelectric power plant.
