European Bank for Reconstruction and Development EBRD

This week's funding scorecard contains updates on some of the major supranational borrowers' funding programmes. Next Friday the scorecard will feature selected European supranationals and agencies.

Sovereign, supranational and agency issuers have eschewed the new issue market so far this week because of the volatility inducing potential of the Federal Reserve Open Markets Committee meeting which kicks off on Wednesday. But several are in the pipeline to take advantage of the calmer markets expected next week.

This week's funding scorecard focuses on some of the major supranational borrowers, some of which have just announced new funding programmes. Next Friday's scorecard will give take a look at the funding progress of several major European supranationals and agencies.

The European Bank for Reconstruction and Development was set to price what will be only the second five year dollar benchmark since the beginning of June on Wednesday afternoon. Undeterred by difficult market conditions for longer-dated dollar deals in July, the borrower set pricing at a level that bankers away from the deal said was right on top of its curve.

This week's funding scorecard focuses on some of the major supranational borrowers. Next week's scorecard will give an update on the funding progress of a number of CEE sovereigns.

Beginning today with a round up of some of the biggest supranational issuers, SSA Markets will publish each Friday an update on how much funding SSA issuers have raised and how much they have left to find. Click on the borrower's name or it's logo to see more data.

KfW, which is expected to be first out of the blocks with a five dollar year print on Tuesday or Wednesday next week, will take encouragement from the European Bank for Reconstruction and Development’s (EBRD) impressive sale of the same product on Thursday.

The European Bank for Reconstruction and Development was set to price an oversubscribed and increased five year at a level searing its curve as SSA Markets went to press. The deal comes a day after Kommunalbanken priced a $2bn trade of the same tenor with a similarly skinny premium.

The Inter-American Development Bank (IADB) on Tuesday failed to silence those who thought that tight pricing on a dollar deal in the difficult seven year maturity was not the way to assure itself of a blowout book. It was set to print a $1bn trade on Tuesday afternoon where the book failed to reach full subscription. Kommuninvest, meanwhile, received a very different reaction when it went for a deal at the short end of the dollar curve.

The European Bank for Reconstruction and Development did not baulk at volatility in the eurozone this week when setting pricing for a five year global on Tuesday afternoon. Despite intense talks over the terms of a bailout of Cyprus, the EBRD set sail to price the tightest five year dollar benchmark versus mid-swaps in SSAs all year.

The European Bank for Reconstruction and Development sold its debut Vietnamese dong bond on Wednesday, capitalising on good sentiments surrounding south east Asian currencies and investor hunger for high yielding currencies like the dong.

The European Bank for Reconstruction and Development took advantage of investor interest on Thursday to print a tap of one year Indian rupee notes. The deal was brought following inquiries from investors interested in the high yield on offer in the currency.