The Euro-commercial paper market proved its resilience to events across the Atlantic this week as an exodus of investors from US money market funds failed to dent appetite for the instrument — bolstering hope that the sector will breeze through a potentially similar situation next year.

The International Finance Corporation could be set to blaze a trail for other issuers when its new Banking on Women Bond launches next month, MTN bankers said this week.

Washington supranationals and other dollar funders could use arbitrage opportunities in the sterling market to round out their year with public and private trades, said MTN dealers and SSA bankers this week.

Korean issuers showed no sign of slowing down their frenetic pace in the privately placed medium term note market this week after a record-breaking third quarter. Korea Development Bank, Korea Eximbank and Korea Finance Corporation sold a series of trades.

The prospect of Portugal prefunding amid a rally in eurozone sovereign debt — and its best way of going about it — caused disagreements this week, as the clear water between it and its peripheral peers widened. While the sovereign’s short term borrowing costs grew to 2012 levels, Spain enjoyed tumbling yields and Italy unveiled plans to limit the size of its next bond issue.

French regions and local authorities are still finding plenty of demand for their euro medium term notes despite volumes hitting an all time high, dealers said this week.

Finnvera is open to more currency arbitrage plays after making a well-received debut in Swedish krona, with sterling one avenue that it is considering.

Spain's Electricity Deficit Amortisation Fund (FADE) privately placed a trio of taps totalling €950m this week as peripheral issuers enjoyed a strong week of issuance. Fellow Spanish agency Instituto de Crédito Oficial hinted at future dollar and Swiss franc deals.

German states could be missing out on investor diversification and arbitrage opportunities by limiting their private medium term note issuance to euros, dealers said this week.

The US government shutdown failed to knock an important part of the private placement market off its stride this week, as dollar callable zero dealflow carried on without a blip.

Italy shook off renewed threats to its fragile coalition government this week to auction debt at its lowest level since May, while bankers talked up Spain’s ability to extend its curve with a 30 year deal.

Bank Nederlandse Gemeenten nipped in ahead of the US Federal Reserve’s surprise decision to hold back on the tapering of quantitative easing to print a $127m three year floating rate note on Wednesday.