Nomura

The World Bank will on Thursday attempt to resurrect the 10 year part of the dollar curve, a sector that has had next to no benchmark issuance from top tier issuers in the second half of the year.

Investors are still hungry to put their money to work in short dated dollars after a bumper last week, with the European Investment Bank on Tuesday set to price a $4.5bn three year bond and the African Development Bank mandating for a two year benchmark.

Central Depositor Services India (CDSL) has won regulatory approval to go public by the end of March 2017, which could see the Bombay Stock Exchange-backed issuer valued as high as Rp14bn ($209.7m).

Barclays, Lloyds Bank, Nomura and Royal Bank of Scotland will run the sale, scheduled for the week beginning October 24.

Export-Import Bank of Korea (Kexim) executed yet another blockbuster $2.5bn trade on Thursday just a few months after printing a deal of the same size. Korea's first four-tranche trade drew a strong response from the market, allowing the policy bank to price inside its existing curve.

US music publisher Warner Music Group on Monday was alone in the European high yield market at the same time that Verallia, the French glass packaging maker, told investors it had cancelled its pay-if-you-can bond offering.

A diverse group of issuers forged ahead with their respective fundraisings on Thursday, seeking everything from dollars to Singapore dollars and green debt.

South Korea's Hyundai Capital Services is set to meet international fixed income investors starting Monday next week.

The Inter-American Development Bank, a Canadian sub-sovereign and two Danish agencies offered chunky issuance to the Kangaroo market this week. The SSAs took advantage of Asian accounts looking to work their cash at the 10 year part of the Australian dollar curve.

Export-Import Bank of Malaysia, which has doubled the size of its multi-currency medium term note programme to $3bn, is preparing to hit the road for a dollar deal.

The Inter-American Development on Tuesday extended its Kangaroo curve with an April 2027 issue. The new bond is, in effect, replacing IADB's June 2026 bond, the borrower said.

International Finance Corp and KommuneKredit tapped 10 year Kangaroo bonds this week, the only active tenor in the market.