IFC

The Nordic Investment Bank became the latest issuer to access the Kangaroo market on Thursday, opening books on a long 10 year trade. The International Finance Corporation has also begun bookbuilding for a five year Kauri tap.

The International Finance Corporation (IFC) returned to the sterling market after a two year absence on Tuesday, opting to court central bank demand with a long two year deal. Sterling syndicate officials are hoping that other issuers will follow the IFC’s lead and take advantage of an improved basis swap into dollars.

The International Finance Corporation (IFC) is set to price its first sterling syndication in over two years on Tuesday afternoon, with the issuer opting for a long two year bond.

The International Finance Corporation became the latest issuer to target the far end of the Kangaroo curve on Wednesday, selling 10 year debt. The issuer conducted a rare intraday execution to avoid clashing with Asian holidays on Thursday.

This week's funding scorecard focuses on some of the major supranational borrowers, some of which have just announced new funding programmes. Next Friday's scorecard will give take a look at the funding progress of a number of European supranationals and agencies.

The International Finance Corporation (IFC) is preparing to meet investors on a roadshow in Zambia, ahead of selling bonds on the local market. A deal would mark the first time an international borrower has printed in Zambia's domestic market.

A bevy of issuers are exploring the possibility of launching debut socially responsible investment (SRI) bonds, SSA Markets understands. The success of new issues, however, will be down to how open they are about the use of the proceeds of each issue. SSA Markets speaks to Stephen M. Liberatore at US pension fund, TIAA-CREF about the growth potential of this market.

This week's funding scorecard focuses on some of the major supranational borrowers. Next week's scorecard will give an update on the funding progress of a number of CEE sovereigns.

Beginning today with a round up of some of the biggest supranational issuers, SSA Markets will publish each Friday an update on how much funding SSA issuers have raised and how much they have left to find. Click on the borrower's name or it's logo to see more data.

The World Bank attracted an extra Rmb300m on June 6 when it reopened books on its recently priced offshore renminbi bond in response to strong reverse enquiry from investors.

The International Finance Corporation sold its first Kangaroo bond of the year on Wednesday, seizing on an attractive basis swap in the five year portion of the curve to sell a A$400m bond ($385.8m). The States of Victoria and Western Australia both also sold Australian dollar debt on Wednesday.

The International Finance Corporation (IFC) and Victoria Treasury Corporation (VTC) are expected to price their first new Australian dollar lines of the year on Wednesday. The IFC is looking to sell a five year Kangaroo issue and Victoria short 20 year debt.