Mitsubishi UFJ has hired a senior MTN dealer as head of medium term notes, the latest move in the company’s efforts to grow its MTN business.

The International Finance Corporation is looking to enlarge its Brazilian reais issuance and boost its profile with Uridashi investors.

Ireland’s capital market renaissance spread to the very short end of the curve this week, as it sold its largest piece of commercial paper outside its home currency in two years. Meanwhile, the sovereign is also seeking to reduce its near term redemption pile as part of its recovery process after coming off International Monetary Fund and European Union support last year.

The World Bank could follow up a series of dollar private placements linked to CMS rates after receiving strong demand for the structure. Other issuers could follow suit as investors bet on the US Federal Reserve increasing interest rates next year.

SSAs in the European Union have slashed their outstanding volumes of commercial paper and certificates of deposit in euros by over 15% since the European Central Bank cut its deposit rate by 10bp to minus 0.1% on June 5. The figures come as Standard & Poor’s warned that the rate cut could cause investors to pull out of money market funds — one of the ECP market’s most important investor bases.

Agencies are taking advantage of arbitrage opportunities to print more private placements in sterling, they told GlobalCapital this week.

Longer than normal floating rate notes and currency plays could provide a large part of the private placement landscape over the coming months, funding officials and dealers said this week, in the wake of the European Central Bank’s decision on June 5 to lower interest rates.

The medium term note market welcomed one of the rarest of issuers on Tuesday, as the tiny country of French Polynesia sold its debut bond.

Kommuninvest has tightened its medium term note levels after finding increased demand following speculation that covered bonds — which the agency prices relative to — could attain Level 1 status under Basel III’s liquidity coverage ratio put downward pressure on its funding costs. It comes as the issuer also enjoyed a revisit to euros, printing private placements in the currency for the first time since October 2011.

Investors are hungry for duration from Belgian sub sovereign issuers, which are looking to tap the demand and will push further out the maturity curve in the coming weeks, according to bankers. But some of the borrowers are sticking to medium term deals, opting for clips with maturities between three and five years.

Stefan Rinauer has taken the reins at Société Générale’s euro medium term note desk, GlobalCapital can reveal, replacing Ariane Uzan.

Cyprus’s re-emergence into the capital markets this week with a private placement has some public sector bankers pushing for a syndication — a deal which would mark the quickest comeback to issuance from a bailed-out eurozone sovereign. But the escalating tensions over the Ukraine crisis between Russia and the West could dampen the country’s prospects.