IFC

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.

The International Finance Corporation could be back with another green benchmark as soon as July, SSA Markets understands.

The African Development Bank (AfDB) hopes to sell its first global green bond this year, SSA Markets can reveal. The supranational has been working on the issue internally since last year.

The International Finance Corporation (IFC) will price a $2bn June 2018 bond later on Wednesday afternoon at mid-swaps less 3bp, which will be the tightest supranational five year deal so far this year. It is also flat to the IFC’s outstanding 2017s and 3bp inside the trading level of the outstanding Inter-American Development Bank (IADB) five year.

The lack of yield on offer in dollars and euros is encouraging investors to look towards niche and local currencies in an effort to maximise the return on their investment. With the EBRD selling its first ever Vietnamese dong bond this week, niche currency bankers are confident in the outlook for emerging market currencies.

The International Finance Corporation (IFC) sold the largest ever Kauri bond by an SSA issuer on Tuesday, capturing a record set just a fortnight before. Activity in New Zealand dollars has also been brisk in Eurokiwi format, with investors drawn in by attractive yields compared to Australian dollars.

The International Finance Corporation priced the first green benchmark bond late on Thursday, in a deal that provides hope for the fledgling market. Interest from green investors was such that IFC’s $1bn deal could have been sold only to socially responsible investment (SRI) funds, according to one of the leads.

The International Finance Corporation (IFC) opened books on Thursday on the first ever benchmark-sized green bond. The three year global bond may price before the close of the New York trading session although the leads said they are keeping the flexibility to price the deal as late as tomorrow.

The International Finance Corporation has hired three banks to run a three year global syndication, in what could be the only benchmark sized deal of the week.