World Bank

World Bank is readying an innovative bond issue aimed at reducing methane emissions, GlobalCapital can reveal.

Several public sector borrowers are tipped to come into a reopened dollar market next week — but some SSA bankers warned that conditions are still not at full strength.

Supranationals have sold a series of MTNs in rare emerging market currencies in the past few weeks, highlighting the demand from investors making plays on exotic currencies. More deals from public sector borrowers are likely, said dealers.

NRW.Bank has priced a benchmark at the tight end of guidance in the busiest dollar SSA market in several weeks — one that could still host a few more deals.

A German agency is set to bring the second dollar benchmark from an SSA this week — quadrupling the number of such deals in September so far.

Guidelines for the public sector on how to grow the green bond market could help support $1tr of issuance of the instruments a year by 2020, its authors have claimed.

Supranational and agencies could add to a small flurry of medium term notes in Colombian pesos in the coming weeks, said bankers, as a sell-off in the currency fuels demand from investors.

Public sector borrowers have been seizing opportunities in the private medium term note market this week, following a burst of demand for short dated paper.

A spike in Asian green bond issuance this year has not yet spurred the use of the instrument by borrowers in the Asean region, where the conventional debt markets already face challenges as they develop. But credit enhancements and strong precedents from neighbouring countries could help generate more green activity in southeast Asia, writes Christina Khouri.

This week's scorecard features updates on the progress of selected supranationals through their funding programmes.

A quartet of supranationals have spotted opportunities in Australasian currencies, despite turmoil in the Chinese stock market restricting involvement from the dominant investor base in Asia. But supply of public sector debt down under could drop next week given a smaller issuance window, said bankers.

International Finance Corporation is set to launch a new Kangaroo line, as other supranationals and agencies look to follow in the format.