IFC

Allocations for a $300m financing for Beijing Enterprises Water Group have been revealed with commitments coming in from 13 lenders.

The International Finance Corporation and Rabobank sold a pair of medium term notes denominated in Chilean pesos this week. With some analysts predicting a rise in the price of copper, this could be a sign investors are looking to buy into a correlated currency.

This week's scorecard looks at the funding progress of supranationals and their targets for 2016, where available.

European Investment Bank has launched a rare, privately placed index-linked Climate Awareness Bond, while World Bank is offering retail investors the chance to buy similarly structured green paper.

International Finance Corporation — IFC

A supranational issuer has mandated for a green bond — a deal that could take issuance in the final three months of the year within touching distance of the busiest ever quarter for the instrument.

Beijing Enterprises Water Group has returned to the international loan market for a $200m deal, which comes with a $100m greenshoe. The money is being raised under the International Finance Corp’s A/B programme, with the supranational as lender of record.

India Infrastructure Finance Company (IIFCL) is looking to join the growing pipeline for offshore rupee-denominated bonds, or Masala bonds. Although this is encouraging for the country’s regulators who hope to internationalise its currency by promoting the asset class, market participants warn that there is a lot of work to be done before the first issue comes to fruition.

Plenty of demand is driving SSA issuance to the shorter end of the curve and into green bonds this week.

Read on to see how far selected supranationals are through with their funding for the year.

Public sector borrowers have jumped on demand for Brazilian real notes with a flurry of medium term notes — and there is more in the pipeline, said niche currency and MTN bankers.

Indonesia Infrastructure Finance (IIF) has returned to the offshore loan market after more than a year for a $150m fundraising, which is backed by the International Finance Corporation (IFC).