Inter-American Development Bank IADB

Bank Nederlandse Gemeenten has hired four banks to run a three year 144A syndication in dollars this week. The issuer is the first SSA name out of the gates although are looking to price deals ahead of US non-farm payrolls data on Friday.

A quiet week for Kangaroo issuance is on the cards, with a Reserve Bank of Australia meeting on Tuesday leaving screens blank on Monday. Issuers are mulling opportunities at the long end, according to syndicate bankers, but reduced deal sizes at the close of last week suggest investors may be close to sated.

The Inter-American Development Bank is expected to print an oversubscribed $2bn three year benchmark later on Tuesday, reopening the SSAs’ post summer benchmark programme in style despite shaky market conditions after weeks of volatility in Treasuries.

The Inter-American Development Bank set out to test investor appetite for dollar benchmark paper on Monday afternoon when it announced the first benchmark deal to come after the summer break.

The return of benchmark issuance after the summer lull could be imminent. A Washington supranational is thought to be on the cusp of mandating banks for a deal next week. A bevy of issuers, keen to get deals away before the UK bank holiday on August 26, will be watching the deal’s progress with interest if it comes — as expected — on Monday.

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 a number of European supranationals and agencies.

A bevy of issuers looked to print dollar floaters on Wednesday and Thursday, as Federal Reserve chairman Ben Bernanke’s congressional testimonies on both days made markets too risky for issuers to attempt a fixed rate benchmark. But as Bernanke’s dovish testimony appeared to mollify markets, the era of floaters could come to an end next week.

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.

Norway’s Kommunalbanken (KBN) will sell five year Kangaroo debt on Thursday, following deals in similar maturities from the African Development Bank (AfDB) and the Inter-American Development Bank (IADB) on Wednesday.

Export Development Canada (EDC) sold five year Kangaroo debt on Tuesday, attracting strong interest from central banks and bank treasuries. The deal reassured syndicate bankers that demand is strong in the currency despite falling yields. The deal is expected to be followed by taps of 10 year debt from the Nordic Investment Bank (NIB) and Rentenbank on Wednesday.

The Inter-American Development Bank (IADB) and Nederlands Waterschapsbank (NWB) both sold 10 year bonds on Thursday, ending a brief quiet spell in the maturity for Kangaroo debt.