EIB

Three public sector borrowers shrugged off a rally in US Treasury yields to issue a combined $8.25bn in the primary market this week.

The European Investment Bank received good demand for its second five year dollar benchmark of the year on Tuesday.

The European Investment Bank mandated banks on Monday for a five year dollar benchmark, following a string of short dated floaters in the currency by supranational and agency issuers last week

This week's funding scorecard looks at the progress supranationals have made in their funding programmes.

A compelling recent example of the EIB’s role as a “crowding-in” bank is its support for the Althelia Sustainable Ocean Fund (SOF), the first close of which was announced in September.

Public sector bond market participants are growing increasingly frustrated at the pace of the implementation of Ester, the alternative euro risk-free rate to replace Euribor. Borrowers are unable to plan for, let alone issue, a bond linked to the benchmark without the rate being published by the European Central Bank. That leaves the euro far behind other markets where Libor is being replaced, writes Burhan Khadbai.

The European Investment Bank is rejigging its funding team to create teams dedicated to products rather than currencies, and is targeting new markets, including China.

If that sounds like an easy question to answer, consider the hypothetical case of a lender backing a scheme to retrain adults as computer programmers, or accountants in a city like Katowice, the capital of the Polish region of Silesia

There are close to 5 million motorbikes and scooters in the Vietnamese capital city, Hanoi. To put this figure into perspective, it means there is more than one motorbike or scooter for every two residents of the city, which has a population of about 7.8 million

Public sector borrowers snapped up cut price deals in the private markets this week, helping to quell trades in the benchmark sector.

More supranational banks will use synthetic securitization and other risk transfer techniques, specialists believe, after the African Development Bank’s trailblazing $1bn deal, revealed this week, writes Jon Hay.

The European Investment Bank’s latest dollar benchmark chalked up one of the highest BondMarker scores of the year so far in the currency.