European Bank for Reconstruction and Development EBRD

The European Bank for Reconstruction and Development will shun benchmarks for private placements and Uridashi over the rest of the year — unless it sees an increase in its loans business.

The European Bank for Reconstruction and Development (EBRD) proved on Thursday that now credit quality trumps all other concerns in the minds of many SSA investors. It priced a sub-Libor five year global while investors had been looking for longer tenors in a bid to boost returns.

The European Financial Stability Facility (EFSF) held talks with several commercial banks about setting up repo lines, on August 3. Bankers expect the request is the EFSF’s preparation for secondary market intervention.

World Bank printed its largest Polish zloty-denominated deal in a decade late last week, helping the issuer to race out the blocks at the start of its funding year.

International Finance Corporation (IFC) is expected to announce a five year dollar benchmark on Tuesday afternoon with Citi, HSBC and JP Morgan as leads.