World Bank

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

World Bank was set to print a five year global at the tight end of guidance on Tuesday afternoon, having nipped into a short window for dollar issuance this week ahead of holidays in Asia.

The World Bank mandated for a global October 2019 dollar benchmark on Monday, sneaking into what is expected to be a short window of issuance in the currency this week.

International Finance Corporation extended its Kangaroo curve with a 10.5 year on Friday. World Bank also funded in non-core dollars, printing a NZ$350m ($276.2m) seven year Kauri bond.

Issuers could find several arbitrage opportunities in sterling this week, as favourable basis swap rates make swapping the currency into euros or dollars attractive and investors return to the currency following the No vote in last week’s Scotland independence referendum. KfW has mandated banks for a short dated sterling tap, while World Bank and NRW.Bank reopened sterling deals on Monday afternoon.

The UK government announced on Friday that it is planning to sell an offshore renminbi bond, which would make it the first sovereign outside China to do so. A slew of supranational and agency issuers have been drawn to the market this week following favourable moves in the dollar/renminbi basis swap.

Read on to see how selected benchmarks are faring in secondary. 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.

Read on to find out how far along with their annual funding targets selected supranationals are this week.

Rentenbank increased a tap of a March 2020 Kangaroo line on Wednesday while World Bank tapped a March 2017 deal, as improving cross currency basis swap rates make the short to medium part of the Kangaroo curve attractive for euro and dollar funding borrowers, according to bankers.

Read on to see how selected benchmarks are faring in secondary. 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.

Read on to see how selected benchmarks are faring in secondary. 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 features updates on the funding programmes of some of the major supranational borrowers, as AfDB, EBRD and IADB all head past the three-quarter mark for their funding targets.