IFC

The International Finance Corporation is planning to sell further green bonds in the offshore renminbi market after selling the first such trade from any issuer on Tuesday. The IFC has already completed its funding programme for this fiscal year, but renminbi paper — along with an arsenal of other options — is on the cards when the new fiscal year begins on July 1.

International Finance Corporation became the first issuer of any kind to sell green debt in the offshore RMB market on Tuesday, when it priced a three year bond through HSBC. More supply could soon follow as other borrowers are already in discussions about printing in the format, SSA Markets understands.

Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Bank Nederlandse Gemeenten and the International Finance Corporation added their names to the burst of dollar issuers to have hit the market over the past few weeks on Tuesday, printing tightly priced deals in the belly of the curve.

Bank Nederlandse Gemeenten and the International Finance Corporation hired for dollar benchmarks on Monday afternoon — the Dutch agency is sounding investors for a five year while the Washington supranational is looking to pick up tightly priced four year paper.

This week's scorecard focuses on the funding programmes of some of the major supranational borrowers. World Bank is coming to the conclusion of its funding year, but more deals are possible from the supra.

The International Finance Corporation is hoping that its sale of the first local currency bond in the Rwandan market last week will encourage growth in the country’s capital markets. Coupled with greater attention to the capital markets by Rwanda’s government, the supranational expects Rwandan companies to begin issuing bonds in the near future.

This week's scorecard focuses on the funding programmes of some of the major supranational borrowers, with the IADB's $2bn benchmark on Wednesday helping it near the halfway mark for the year.

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.