World Bank

This week's funding scorecard focuses on some of the major supranational borrowers, some of which have just announced new funding programmes. Next Friday's scorecard will give take a look at the funding progress of a number of European supranationals and agencies.

A golden opportunity to lock in cheap duration funding over the summer may go begging if SSA borrowers ignore the Kangaroo market, said senior SSA bankers. A growing bid from Japan for long-dated paper and the biggest month for Kangaroo bond redemptions since 2011 is set to leave a bumper bundle of cash looking for a place to be invested.

The World Bank became the latest SSA name to price a dollar floating rate bond this week, with a $500m reverse enquiry-driven print sold with Citi as sole lead manager.

Hungary’s Export-Import Bank is beginning investor meetings in London on Tuesday ahead of a €400m bond deal. The transaction comes with a guarantee from the World Bank’s Multilateral Investment Guarantee Agency (MIGA), which has never been used before in the public bond market. Explaining the novel structure to new investors will be crucial to the deal’s success, investors said.

Bank Nederlandse Gemeenten is set to become the latest agency to price a dollar floater, having mandated a pair of banks to run a three year deal on Wednesday. BNG’s trade comes a day after the World Bank reopened the fixed rate market in the currency after a pause of more than a month.

This week's funding scorecard focuses on some of the major supranational borrowers. Next week's scorecard will give an update on the funding progress of a number of CEE sovereigns.

A new project has been launched by the World Bank to provide up to $400m of financing for small and medium enterprises (SMEs) in Turkey, increasing the sector’s access to medium and long term funding, specifically through lease financing.

Bank Nederlandse Gemeenten (BNG) may lead a small handful of issuers looking to print deals before investors pack their buckets and spades and head to the beach for the summer. The Dutch agency joins its compatriot Nederlandse Waterschapsbank (NWB) among the names that may well access public markets before August.

Beginning today with a round up of some of the biggest supranational issuers, SSA Markets will publish each Friday an update on how much funding SSA issuers have raised and how much they have left to find. Click on the borrower's name or it's logo to see more data.

The World Bank attracted an extra Rmb300m on June 6 when it reopened books on its recently priced offshore renminbi bond in response to strong reverse enquiry from investors.

The World Bank printed on Friday the largest dim sum bond by a supranational borrower. The issuer took advantage of advantageous swap market conditions combining with robust demand.

The World Bank sold its largest Malaysian ringgit bond in nearly three years on Monday ahead of a redemption in the currency next month. The deal proved appealing to asset managers with a positive outlook on the currency.