European Bank for Reconstruction and Development EBRD

Rating: Aaa/AAA/AAA

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.

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.

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.

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.

The European Bank for Reconstruction and Development (EBRD) has provided a $25m loan to Moldovan agricultural commodities trader Trans-Oil Group and agreed a $30m credit line to National Bank of Egypt (NBE).

This week's scorecard features updates on the progress of selected supranationals through their funding programmes.

The European Bank for Reconstruction and Development has agreed a €50m loan to Türkiye Sınai Kalkınma Bankası, the EBRD’s first credit line under its Sustainable Resource Initiative.

The European Bank for Reconstruction and Development has agreed a €50m loan to Türkiye Sınai Kalkınma Bankası, the EBRD’s first credit line under its Sustainable Resource Initiative (SRI).

The European Bank for Reconstruction and Development has arranged a €6m three year syndicated loan to Albanian microfinance lender Fondi Besa in order to support the development of small businesses.

European Bank for Reconstruction and Development president Sir Suma Chakrabarti has said he expects his bank’s investment portfolio in Morocco, Tunisia, Egypt and Jordan to reach €1.5bn.

Romania is making a push to gain emerging market status, alongside a raft of other proposals to increase liquidity in its markets and encourage foreign investment. The initiative, launched by the Romanian financial supervisor, is called “STEAM”, and is supposed to cut the costs of investing in the country. But political holdups, including a presidential election in November, could slow the process.