The Development Bank of Japan was able to tighten pricing on a €700m October 2025 sustainability bond this week, something not every issuer has found possible in the currency in the past few weeks. Meanwhile, the World Bank tapped an old friend for $200m with a green bond.

The State of California has bought $200m of short dated green bonds from the World Bank, the latest stage in a relationship that stretches back to the issuer’s first dollar green bond in 2009.

Public sector borrowers snapped up cut price deals in the private markets this week, helping to quell trades in the benchmark sector.

Agence France Trésor will increase its use of short-term debt markets after France’s growing deficit — outlined in a government budget statement on Monday — resulted in a nearly €30bn increase in its financing requirements.

The World Bank is introducing a new SRI note that offers exposure to the environmental, social and governance (ESG) performance of signatories to the UN Global Compact.

Crédit Agricole has hired a former Barclays head of MTNs to head up its MTN business in Europe.

Asian Development Bank has become the second ever borrower to sell Armenian dram denominated paper.

Société du Grand Paris, a French agency that plans to sell its debut bond issue later this year, has launched the first ever Green Euro Medium Term Note programme — a move that bankers and experts said could bring a range of benefits to the issuer and the wider SRI market.

Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.

Some investors are betting that the Turkish lira’s plunge against the dollar has gone too far, with several taking positions that the currency will improve by buying MTNs from triple-A rated SSAs.

A German sub-sovereign astonished the SSA market this week, selling a 50 year benchmark to show that, despite the expectations of rising rates in euros, some investors at least are still happy to put money into assets at the ultra-long end. Lewis McLellan reports.

Products offering investors the chance to protect their returns from rising rates are making a comeback in the MTN world after years of dormancy thanks to the interest rate environment.