World Bank

This week's scorecard looks at the funding progress various supranationals have made in their programmes as the end of the year approaches.

Sir Richard Branson spoke with GlobalCapital’s Lucien Chauvin on Wednesday, after meeting Caribbean heads of government and leaders of the World Bank and International Monetary Fund in Washington. Branson is pushing for a Marshall Plan to help the Caribbean cope with the relentless onslaught of hurricanes, exacerbated by climate change.

Kenya’s largest power producer Kenya Electricity Generating Company (KenGen) is looking to raise $300m in the loan market, which the World Bank is providing a $180m guarantee for.

The World Bank is working on new refugee bonds, GlobalMarkets can reveal, as Bangladesh put in a request for financial support to cope with the burdens of the influx of Rohingya Muslim migrants from Myanmar

Investment bank and research firm Exotix made two senior hires this week.

Supranationals have delivered a spurt of niche currency medium term notes, returning to old favourites like South African rand as well as making use of demand for more exotic currencies, particularly in Latin America.

The African Development Bank has sold its longest MTN ever, leading a spurt of long dated private placement euro issuance from public sector borrowers.

A flurry of large trades from the European Investment Bank (EIB), the International Finance Corporation (IFC) and the World Bank helped push overall Kangaroo volume so far this year higher than those seen for the whole of 2016.

The MTN market has produced a slew of dollar trades while the syndicated market was subdued by the midweek Federal Reserve meeting. Supranationals in particular have been able to pick up some sizeable dollar funding.

This week's scorecard looks at the progress supranationals have made in their funding programmes this year.

World Bank raised A$850m ($678.7m) in the Kangaroo market this week by printing a new September 2022 line, the largest Australian dollar SSA bond in the last three years.

World Bank has raised A$850m ($678.7m) in the Kangaroo market by printing a new September 2022 line, the largest Australian dollar SSA bond of the year.