The World Bank placed a Saudi Arabian riyal trade through JP Morgan on Friday. The Sr625m ($166.7m) five year note is the first MTN to be sold in riyal since December 2009, according to Dealogic.

The year to date volume of medium term note issuance is the lowest it has been for at least 15 years, according to Dealogic data.

The medium term note market is being marginalised by a flood of public trades ahead of the European Central Bank policy meeting on March 10.

Japanese retail investors will, for the first time, have the chance to invest in the International Finance Corporation's Masala programme after the supranational launched on Tuesday its first Masala Uridashi.

While volatility still grips much of the developing world, the pace of emerging market currency issuance from supranationals has intensified, the drought of early February long forgotten.

World Bank has raised funds in Nigerian naira for the first time since March 2014. The one year clip comes in spite of rumbles of a potential currency devaluation.

Emerging market currencies appear to be back in fashion with medium term note investors this week, after supply had weakened in early February from a strong January start.

The Chartered Community of Navarre made a rare appearance in the bond market through Santander on February 11.

A rally in Japanese equity prices on Monday led to a friendlier tone in public bond markets than has been seen in recent weeks. Medium term note bankers fear that will shift attention away from their market.

Some medium term note investors believe the Mexican peso may now be undervalued, a pair of deals in the currency suggested this week.

Medium term note investors believe the Mexican peso may be undervalued, as they took punts with a series of deals in the currency.

Medium term notes from supranationals are proving popular, as investors turn to the asset class in the face of uncertain markets.