African Development Bank AfDB

This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the middle of October.

Bankers were surprised that the African Development Bank placed a one year bond last week linked to environmental, social and governance (ESG) factors.

The African Development Bank has issued its first offshore renminbi bond, in what the supranational has described as a ‘strategic objective’ in response to a growing investor base for the currency.

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There were no problems with competing supply as a trio of public sector borrowers enjoyed strong demand for dollar bonds this week, despite all three having the same maturity.

The African Development Bank has delayed the issuance of its inaugural Panda bond to 2020, after previously hoping to make its debut in China’s interbank bond market this year.

KfW won huge praise from on-looking bankers for a curve extending and rare 10 year dollar green bond on Tuesday. The Inter-American Development Bank (IADB) and Österreichische Kontrollbank (OeKB) also enjoyed success in the dollar primary market with three year trades, with the former selling its debut Sofr-linked floating rate note.

Issuance is starting to resume after the summer break; however, this week a booming public market drew away investor and issuer attention from MTNs. Despite this, a range of established SSA, FIG and corporate borrowers have slipped in, with deals across core, niche and EM currencies.

This week’s funding scorecard looks at the progress supranationals have made in their funding programmes at the end of August.

This week’s funding scorecard looks at the progress supranationals have made in their funding programmes towards the end of July

A cavalcade of “familiar names” have come to the market over the last week. SSAs, corporates and FIG issuers printed across the euro curve, while a trio of supranationals were also active in emerging market currencies.

This week’s funding scorecard looks at the progress supranationals have made in their funding programmes as we hit the middle of June.