World Bank

Nordic Investment Bank on Monday made its second appearance in the Kangaroo market this year, announcing a tap of a five year line.

Deutsche Bank is throwing its weight behind the burgeoning green bond market, after announcing on Friday that it will invest €1bn in the format.

In an attempt to open up Asian investors to the green bonds and encourage environmentally-friendly development in the region, BNP Paribas and the World Bank have partnered to launch Asia’s first equity index-linked green bond programme.

Supranational and agency borrowers plunged into dollars this week after the quietest January of issuance since 2007 led to white hot demand and the biggest ever single week of for new issues. Despite the onslaught of supply, not one of nine benchmarks, including a $500m green bond, fell shy of full subscription.

The International Finance Corporation has become the most recent supranational to print in Russian roubles, following close behind a trio of its peers that made rare appearances in the currency last week. High yields in the currency, despite Russia’s central bank cutting its key interest rate, have bankers expecting more supply to come.

Strong demand from domestic banks allowed World Bank this week to launch the largest ever primary offering in the Kauri market.

Despite a strong backdrop for issuance this week few SSAs are willing to bring benchmark deals in euros, as issuers wait until the full effect of the European Central Bank’s quantitative easing announcement last week plays out. Meanwhile, the next meeting of the US Federal Reserve’s Federal Open Market Committee and a winter storm approaching New York are limiting dollar issuance windows.

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

Antipodean currencies attracted sovereign, supranational and agency investors this week, despite the year-end slowdown, allowing a trio of issuers to take tightly priced taps of existing lines.

Korea EximBank made a successful debut in Canadian dollars this week, easily topping its target size.

A short window of issuance is open for borrowers with dollar benchmarks to do ahead of the Thanksgiving holiday next week that heralds the traditional close of the market.

The International Finance Facility for Immunisation (IFFIm) will conduct a final two day roadshow ahead of its first ever sukuk transaction — a ground-breaking Islamic deal that will fund vaccine and immunisation procurement.