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EFSF and Land NRW are expected to price new trades on Tuesday
Inaugural European Green Bond Standard deal in the works as issuer remains committed to at least one green bond each year with or without new label
World Bank-managed issuer taps capital markets to accelerate donor pledges into Gavi vaccine programmes
◆ Issuer plans regular appearance after 'warm welcome' ◆ Two euro bonds yet to come ◆ Inaugural covered deal not expected until late 2027
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Green, social and sustainable issuance has dominated the supranational and agency bond market for a whole month, consistently outpacing conventional supply. That trend looks set to continue with three SRI deals already on screens.
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This week's funding scorecard looks at the progress of Europe's supranationals and agencies at the start of the fourth quarter.
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Now that SSAs are back to pricing at the spreads they offered before coronavirus hit, central bank investors are pushing back and reducing their orders.
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The International Fund for Agricultural Development has received a AA+ rating from Fitch, becoming the first UN fund to be rated. The move is a prelude to issuing private placements, according to IFAD treasurer Ben Powell.
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Public sector debt market participants are still on tenterhooks, awaiting the arrival of the EU’s now much delayed funding programme. Many of the sector’s top borrowers have all but cleared their decks in preparation, but some are still grappling with inflated borrowing requirements as a result of the coronavirus pandemic. Lewis McLellan reports.