IFC

International Finance Corporation has tapped a renminbi line to over Rmb3bn ($478.8m) as moves in the dollar/renminbi cross currency basis swap drove a burst of demand from Asian investors.

Rentenbank has launched a seven year Kangaroo, a scarcely seen maturity in the format. It comes alongside Kangaroo deals from Kommunalbanken and International Finance Corporation.

A pair of SSA issuers opted for deals in the Kangaroo market on Monday, amid a holiday induced supply slump.

International Finance Corporation has scored a double first in the internationalisation of local currency markets, printing its inaugural Georgian lari bond just days after selling the first ever offshore bond in Rwandan francs.

International Finance Corporation has sold the first ever offshore bond in Rwandan francs, just a day after clearing house Euroclear began accepting trades denominated in the currency.

International Finance Corporation has become the most recent supranational to print in Russian roubles, following close behind a trio of its peers that made rare appearances in the currency last week. High yields in the currency, despite Russia’s central bank cutting its key interest rate, have bankers expecting more supply to come.

The International Finance Corporation has become the most recent supranational to print in Russian roubles, following close behind a trio of its peers that made rare appearances in the currency last week. High yields in the currency, despite Russia’s central bank cutting its key interest rate, have bankers expecting more supply to come.

Despite a strong backdrop for issuance this week few SSAs are willing to bring benchmark deals in euros, as issuers wait until the full effect of the European Central Bank’s quantitative easing announcement last week plays out. Meanwhile, the next meeting of the US Federal Reserve’s Federal Open Market Committee and a winter storm approaching New York are limiting dollar issuance windows.

Attractive funding rates and strong demand from Asian investors drew a flock of supranational and agency names to Australian dollars this week — and bankers say at least six names are looking to print in a market that often offers more attractive funding levels than dollars or euros.

KfW priced a more than twice subscribed Kangaroo bond on Wednesday — its first deal in the format this year — as other supranationals and agencies lined up with taps and new issues for their own inaugural 2015 Australian dollar deals.

The pioneering spirit of supranationals in the green bond market will be just as strong in 2015 as this year, with many looking to expand their reach in the asset class.

This week's scorecard features updates on the progress of selected supranationals through their funding programmes.