World Bank

World Bank sold its first ever catastrophe bond on Monday, a note designed to help provide funds to Caribbean countries in the case of a natural disaster. The issuer is hoping to sell further catastrophe bonds in the future, in response to growing investor demand for the asset class.

This week's scorecard features the funding programmes of some of the major supranational borrowers, as the International Finance Corporation and World Bank complete their funding programmes and begin prefunding for the next fiscal year.

The World Bank brought its second dual-tranche issue of the week on Wednesday, pricing a global split into a two and seven year tranche.

World Bank stormed through a dual tranche Kangaroo print on Tuesday. By selling a combination of medium and long dated debt the issuer was able to tap a wide investor base and was rewarded with the largest SSA Kangaroo print in four years.

Four banks are taking indications of interest on a dual tranche global for the World Bank. It is likely to be the only dollar benchmark of the week, taking advantage of a brief issuance window ahead of the Federal Open Markets Committee meeting on Wednesday and a holiday in Europe on Thursday.

World Bank will return to the long end of the Kangaroo market on Tuesday, when it will print its first long dated bonds in the format since 2011. The issuer also plans to tap five year notes to capitalise on a lack of supply in the belly of the curve.

Syndicate bankers are predicting a busy period for the Kauri market over the coming weeks, with a blow-out deal from the World Bank on Friday setting the tone. The supra took to the market to tap five year Kauri notes and was rewarded with the largest ever deal in the format.

The European Investment Bank will sell its second Canadian dollar deal of the year on Friday, a tap of five year bonds. The issue is likely to benefit from strong demand from central banks as they look to up their holdings of debt denominated in the currency.

This week's scorecard focuses on the funding programmes of some of the major supranational borrowers. World Bank is coming to the conclusion of its funding year, but more deals are possible from the supra.

A dearth of supply in Canadian dollars from public sector issuers has provided a boost for World Bank’s first deal in the currency this year. Coupled with growing demand from central banks for Canadian dollar paper, the issuer was able to sell its largest ever deal in the currency.

World Bank is enjoying searing demand for its first Canadian dollar trade of the year on Thursday, with leads gathering a high quality order book for the five year print.

This week's scorecard focuses on the funding programmes of some of the major supranational borrowers, with the IADB's $2bn benchmark on Wednesday helping it near the halfway mark for the year.