Nomura

International bond issuance from South Korea looks set to resume with Export-Import Bank of Korea back in the market for its third dollar fundraising of the year.

World Bank roared into the dollar market on Tuesday with the largest five year benchmark in the currency in over a year, as KfW and Bank Nederlandse Gemeenten hit screens with short dated mandates.

Export Development Canada is to print a long four year sterling bond as demand for paper in the currency defied fears of a possible UK's exit from the European Union.

The World Bank is set to print a five year dollar benchmark, as bankers expect issuers to focus on the short end this week.

South Korea’s Hotel Lotte Co, which is planning a $3bn-$5bn listing, could start bookbuilding on Friday, according to a source close to the deal.

The UK Debt Management Office has picked the banks that will run its next syndication, scheduled for the week beginning May 23.

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Dollar issuance is clustering at the short end of the curve as bankers fear the threat of a rate increase at the Federal Open Market Committee’s (FOMC) meeting on June 14-15.

Uncertainty regarding the outcome of the US Federal Open Market Committee’s (FOMC) meeting in June drove public sector borrowers to target the short end of the dollar curve this week, said bankers.

Public sector issuers are printing at the short end of the dollar curve, a tactic they are likely to stick to in the build-up to the next US Federal Reserve rate decision on June 15, said bankers.

A weaker than expected set of non-farm payroll data last week did little to deter issuers on Monday as a pair of borrowers awarded mandates.

A new electronic platform for private placements launched this week has interest from 17 dealers and 18 issuers, according to the initiative’s chief executive Pieter van Dyck.