IFC

The International Finance Corporation completed its $1bn offshore Indian rupee-linked bond programme on Thursday, pricing a seven year bond. Bankers expect the successful completion of the IFC’s programme to widen the range of investors involved in offshore rupee deals, while the issuer is already laying the ground for further deals.

The International Finance Corporation will sell the third bond from its offshore Indian rupee-linked programme on Thursday, a seven year print. The deal will be the longest ever in the format, according to syndicate bankers, and has drawn strong demand from investors.

This week's scorecard focuses on the funding programmes of some of the major supranational borrowers, with the World Bank having completed 90% of its target volume for its fiscal year.

The International Finance Corp will launch today a new channel for distributing its bonds to US retail investors. In time, the IFC believes it could do 20% to 25% of its total funding in this market.

The International Finance Corporation and Goldman Sachs have launched a $600m debt facility to back small and medium businesses owned by women in developing countries. The facility’s launch comes months after IFC priced a debut Women in Business bond.

The International Finance Corporation sold its first London listed renminbi deal on Monday, a heavily oversubscribed three year deal. A wide range of investors participated in the deal despite tight pricing and the promise of hefty cuts on allocations.

The International Finance Corporation received strong demand for its first London listed renminbi bond on Monday. Oversubscribed books allowed the leads to set pricing comfortably inside of guidance on Monday afternoon.

When the International Finance Corporation picked London for a benchmark Renminbi bond bankers hailed it as a statement of intent that could turbocharge the product by bringing it to a wider range of investors — whether that is the case or not only time can tell.

The IFC mandated banks on Wednesday for its first syndicated renminbi bond in seven years — and its largest since 2005. The deal will also be the largest dim sum bond from an SSA issuer to be listed on the London Stock Exchange.

This week's scorecard focuses on the funding programmes of some of the major supranational borrowers. Next week's scorecard will feature European agencies.

If 2013 was the year when Socially Responsible Investments burst into the mainstream, then 2014 should be the year where issuers and bookrunners start pushing these instruments towards the same level of maturity seen in other sectors.

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.