Norwegian krone SSA supply is outpacing Swedish kronor so far this year, driven in part by a demand for zero risk weighted assets in the market. Among the latest names to access the Norwegian market is the African Development Bank, which sold a new social bond as part of a dual-currency issue.
Oesterreichische Kontrollbank (OeKB) debuted its sustainability framework in Norwegian kroner this week. With dollar swap spreads compressed, opportunities are opening for competitive funding in other, more niche markets.
The World Bank and the United Nations Children’s Fund (Unicef) have partnered up for a new privately placed deal to front-load funding to the agency — the first time the World Bank has partnered with a UN agency in this way.
The Asian Infrastructure Investment Bank issued its second bond in Indian rupees via a private placement this week. Elsewhere, as rates rise, MTN dealers are finding attractive opportunities in other key Asian markets.
A pair of sovereigns privately placed century bonds this week, with one of the borrowers — Ireland — dipping below the 1% point for the first time at this sort of tenor.
Hamburger Hochbahn, a government owned public transport operator in Hamburg, is set to make its bond market debut this week, launching itself as a regular bond issuer.
The Asian Development Bank brought a pair of new themed bonds to the market this week, printing its first gender bond in Kazakhstani tenge as well as its first education bond.
The Asian Development Bank has sold its first ever education bond. The proceeds will go towards financing technical and vocational training for educators in the Asia Pacific region.
Green commercial paper is taking off rapidly, propelled by issuers wanting to go green across the full financing spectrum and investors eager to put short-term cash to sustainable use. The market could grow as fast as green bonds have, and is attracting interest from new kinds of players, including government treasuries.