Inter-American Development Bank IADB
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Søren Elbech has resigned as treasurer at the Inter-American Development Bank to take up a new job with Danish wind turbine maker Vestas, SSA Markets understands.
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Read on to see how deals priced earlier in the year are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
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This week's scorecard focuses on the funding programmes of some of the major supranational borrowers. Next week's scorecard will feature European agencies.
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The Inter-American Development Bank rounded out a stellar week of dollar issuance on Thursday afternoon, selling a 10 year benchmark. The success of IADB’s deal could inspire other issuers to tap the far end of the curve next week, according to bankers away from the deal.
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The Inter-American Development Bank was inundated with orders from institutional investors in the Americas when it announced a 30 year syndication on Thursday. The supranational followed up the heavily oversubscribed print with a floating rate note in the belly of the curve on Friday.
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The Inter-American Development Bank is set to offer investors the rare opportunity of buying Washington supranational dollar paper at the long end of the curve, having hired a pair of banks on Thursday to run a 30 year syndication. The mandate announcement came as Network Rail was wrapping up a five year in the currency.
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The first funding scorecard of 2014 takes a look at the funding programmes of some of the major supranational borrowers. Next week's scorecard will focus on European agencies.
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The Inter-American Development Bank and Rentenbank are both set to sell Kangaroos bonds on Thursday, looking to appeal to a receptive investor base that allowed KfW to more than double its target size with a five year trade on Wednesday.
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A pair of supranationals are set to launch Kangaroo deals in the middle of the curve this week, following a new five year deal in the format from KfW that is set to be priced on Wednesday.
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This week's funding scorecard contains updates on some of the major supranational borrowers' funding programmes. Both the IFC and the World Bank have raised nearly two-thirds of their targets as the first half of their funding year comes to a close.
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This week's funding scorecard contains updates on some of the major supranational borrowers' funding programmes. Next Friday the scorecard will focus on a number of Europe's supranationals and agencies.
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The Inter-American Development Bank took advantage of a renewed bid for short dated Kangaroo paper on Thursday, pricing a tap that was double the minimum size targeted.