Supranationals have sold a series of MTNs in rare emerging market currencies in the past few weeks, highlighting the demand from investors making plays on exotic currencies. More deals from public sector borrowers are likely, said dealers.

International Finance Corporation has printed a series of medium term notes in rare emerging market currencies in the past weeks and there may be more such MTNs to come from public sector borrowers.

Public sector borrowers have been printing floating rate medium term notes in dollars as investors look to avoid interest rate risk ahead of Thursday’s US Federal Reserve meeting, say bankers.

Supranational and agencies could add to a small flurry of medium term notes in Colombian pesos in the coming weeks, said bankers, as a sell-off in the currency fuels demand from investors.

The Kingdom of Belgium has more than doubled its outstanding maturity curve with a 100 year medium term note, and it is keen to issue more ultra-long debt.

The Kingdom of Belgium has more than doubled its outstanding maturity curve with a 100 year medium term note, and it’s keen to issue more ultra-long debt.

Canada has printed a private medium term note in dollars for the first time in over a year.

Public sector borrowers have been seizing opportunities in the private medium term note market this week, following a burst of demand for short dated paper.

Supranationals and agencies will be at the forefront of a post-summer resurgence in the medium term note market, believe dealers. SSA MTN volumes have already begun to climb following a first half of the year characterised by record lows.

Offshore renminbi’s public sector fan base is growing, with Asian Development Bank printing a rare private MTN in the currency and Export Development Canada debuting a public bond in the format.

Asian Development Bank has placed its first private medium term note in renminbi, joining a swell of offshore renminbi MTNs in the past month.

The Republic of Slovenia on Thursday ripped into the private placement market for the first time, fulfilling a desire at the ultra long end.