IFC

The International Finance Corp (IFC) issued the first internationally rated triple-A green bond denominated in peso last week, raising $90m.

The world’s first bond denominated in Uzbekistani soum was listed on the London Stock Exchange on Wednesday morning. The bond, issued by the International Finance Corporation, is expected to be the first step in the country’s growing ambitions for a capital markets presence.

Supranationals expect to increase the local currency portion of their funding activities over the next few years, thanks to tightening financial conditions in dollars.

Turkey’s Garanti bank has sold its first ever social bond, a $75m private placement. The International Finance Corporation purchased the bond as part of its Banking on Women Programme.

Turkey’s Garanti bank has sold its first ever social bond, issuing a $75m private placement. The bond was purchased by the International Finance Corporation as part of its Banking on Women Programme.

TMB Bank, with support from the International Finance Corp (IFC), sold the first green bond from a Thai commercial bank on Tuesday, raising $60m.

MTN borrowers have not yet altered their issuance levels to take account of the violent moves in curves, led by Italy, over the past two weeks — leaving the euro market all but deserted.

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

Some SSA issuers are avoiding Uridashi notes, but dealers say there is no shortage of demand.

Canvest Environmental Protection Group Company’s Hong Kong dollar denominated $150m-equivalent loan has attracted five participants.

After opening the Panda bond market in the mid-2000s, International Financial Corporation (IFC) has been absent from the asset class for over a decade. But Jingdong Hua, treasurer at IFC, told GlobalRMB that this could change — if China lets the issuer use its own accounting standard again.

Some supranationals want to see their efforts to print green bonds rewarded with tighter pricing, hoping to set a precedent that will spread through the market. But some worry that setting the pricing bar higher for green bonds than vanilla as a matter of course could deter investors. Lewis McLellan reports.