World Bank

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.

Two deals this week highlighted the appeal of setting up SRI programmes. A pair of very different issuers appealed to new sets of investors showing that the growing asset class offers plenty to issuers — even if investors won’t pay up.

World Bank sold the first ever green Kangaroo bond on Wednesday, a five year note that proved popular with domestic investors. Syndicate officials are tipping other supras and agencies, attracted by the chance to diversify their funding base in the currency, to follow with similar trades.

World Bank will sell a debut green Kangaroo bond on Wednesday, mandating banks for a five year deal that bankers believe is the first in the format from any issuer.