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.

French rail operator SNCF Réseau joined the 100 club this week and now wants to print more ultra-long debt, but investors and MTN dealers doubt demand will support it. Jonathan Breen reports.

Spain’s Instituto de Crédito Oficial has raised over $100m equivalent with a private medium term note in Brazilian reais, and is keen to print more MTNs in the currency.

French railway operator SNCF Réseau has more than doubled the length of its outstanding maturity curve with a century long medium term note.

Supranational euro-commercial paper issuance has rocketed up this year, driven by rising yields in dollars and a flight to quality caused by repeated Greek crises, according to traders and issuers in the ECP market.

Supranationals and agencies grow in popularity among euro private medium term note investors, as the buy-side shuns risk and moves to top rated borrowers.

In a week when Greece’s negotiations with its creditors grew labyrinthine in their complexity, with contradictory statements spewing forth faster than the country’s spiralling yields could follow, public sector borrowers are changing their approach.

Public sector borrowers are snapping up opportunities in the medium term note market, as Greece’s bail-out negotiations and imminent US non-farm payroll data stifle syndicated supply.

The Flemish Community of Belgium has hit the market with a quartet of private medium term notes — a rare appearance from a public sector borrower in the currency this week.