Emirati state-owned Mamoura Diversified Global Holding returned to the MTN market this week to sell its first private placement since its parents’ merger in 2017.
Muenchener Hypothekenbank (MunHyp) harnessed the growing demand for environmental, social and corporate governance (ESG) paper in the Swiss market to land a tap 7bp through the bid side this week. Elsewhere, Toyota ended a 12 year absence from the Swiss franc market to sell the currency’s first automobile deal of the year.
The Asian Development dropped into the dim sum market on Wednesday to sell the first note from an SSA issuer in almost three weeks. Despite the recent absence of SSA names, the asset class is on pace for a record year.
Norwegian krone SSA supply is outpacing Swedish kronor so far this year, driven in part by a demand for zero risk weighted assets in the market. Among the latest names to access the Norwegian market is the African Development Bank, which sold a new social bond as part of a dual-currency issue.
Oesterreichische Kontrollbank (OeKB) debuted its sustainability framework in Norwegian kroner this week. With dollar swap spreads compressed, opportunities are opening for competitive funding in other, more niche markets.
The World Bank and the United Nations Children’s Fund (Unicef) have partnered up for a new privately placed deal to front-load funding to the agency — the first time the World Bank has partnered with a UN agency in this way.