European Bank for Reconstruction and Development EBRD

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.

The European Bank for Reconstruction & Development and Spain’s Instituto de Crédito Oficial gave SSA bankers cause for pause this week, producing a pair of deals that, while they were not exactly unsuccessful, had book builds that were a far cry from the rolling around in piles of money exercise that the bulk of supranational and agency syndications have been partaking of so far this year. But rather than being a sign of the SSA rally running out of steam, these deals are an important sign of market robustness.

The EBRD launched its first public rouble deal for two years on Wednesday to a strong response from investors. The deal has grown beyond the targets initially set and is expected to be more than twice subscribed.

The European Bank for Reconstruction & Development (EBRD) opened a long-awaited dollar trade on Monday afternoon, following a rise in Treasury yields late last week. However the book build on the seven year deal was slow, which bankers attributed to investors expecting yields to back up further.

The European Bank for Reconstruction and Development has mandated Raiffeisen Bank International to bring its first public trade in roubles in almost two years.

The African Development Bank (AfDB) is expected to price a tap of a five year dollar deals on Thursday afternoon. The agency is looking to price at a level similar to EBRD’s dollar tap earlier this week, but in twice the size.

Supranational credits could once again start pricing through Treasuries, a trend not seen since the 1980s, a leading issuer has told SSA Markets.

The European Bank for Reconstruction and Development (EBRD) moved a step closer to completing its 2012 funding with a dollar benchmark tap on Monday.