World Bank

World Bank rounded off a strong week for sterling issuance from public sector borrowers, opting to print a deal further out the curve than the week’s previous trades.

The sterling market enjoyed a second record breaking day in a row on Wednesday as FMS Wertmanagement printed its largest ever deal in the currency — and sterling investors were impatient for an upcoming World Bank deal.

The European Investment Bank blew the doors off the sterling market with a record breaking deal on Tuesday, and two other issuers quickly followed.

IFC has issued its first ever rand denominated green bond as it continues to expand its global programme of climate aware financing.

European Investment Bank has launched a rare, privately placed index-linked Climate Awareness Bond, while World Bank is offering retail investors the chance to buy similarly structured green paper.

European Investment Bank has launched a rare, privately placed index linked Climate Awareness Bond, while World Bank is offering retail investors the chance to buy similarly structured green paper.

Public sector borrowers are looking for opportunistic deals in niche currency medium term notes as the year draws to a close.

Plunging swap spreads, coupled with data releases and holidays in the US, are set to make dollar benchmark issuance difficult in all but the most defensive of tenors next week, public sector bankers have warned.

A supranational issuer is understood to be mulling a visit to the belly of the dollar curve, but may have to pay up to do so as five year swap spreads have fallen into negative territory.

Read on to see how far selected supranationals are through with their funding for the year.

Public sector borrowers have jumped on demand for Brazilian real notes with a flurry of medium term notes — and there is more in the pipeline, said niche currency and MTN bankers.

World Bank has priced the first deal from a new retail focused socially responsible investment programme — and it could sell more notes as often as once a month.