World Bank

GlobalCapital announces the results of its first full scale, standalone set of Sustainable and Responsible Capital Markets Awards.

The World Bank has brought the post-summer sterling market to life with the biggest deal in the currency from a supranational or agency in months. But the deal may mark a high point, with little else in the pipeline, said bankers.

The World Bank broke a 30 year silence in special drawing rights (SDR) bonds with the sale of the SDR500m ($700m) three year note in China on Wednesday. While the Mulan bond is widely seen as a symbolic gesture to promote the internationalisation of the renminbi, market participants said it is more than just that in spite of the relatively narrow investor base.

The World Bank has announced the price guidance for its upcoming Mulan bond.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

This week's scorecard looks at where supranationals are in their funding programmes ahead of the September rush.

The World Bank has mandated banks for its landmark Special Drawing Rights (SDR) bond with market participants expecting a strong response from onshore Chinese investors.

With the World Bank set to issue a ground-breaking bond denominated in IMF special drawing rights (SDR) in China this month, markets are starting to take a closer look at what the odds are for the SDR to pull off its transition to a real-world financial instrument.

Pricing rather than size was the focus for public sector borrowers in the dollar market this week, although overly aggressive pricing was not the reason for one issuer having to pull back from bringing a tap issue.

Rating: Aaa/AAA

Public sector dollar flow picked up on Wednesday after a quiet start to the week, as World Bank brought a four year benchmark and Tunisia sold a bond backed by the US government.

Californian social financing company NPX last week launched what it claims is the first debt security to link returns with the achievement of impact metrics. GlobalCapital caught up with the company to find out how the new product, dubbed an "impact security", differs from other offerings in the SRI market.