European Bank for Reconstruction and Development EBRD

A trio of issuers on Wednesday were able to tighten pricing or print above their minimum targets — or both — in another strong day for the dollar market.

The European Bank for Reconstruction and Development is set to test the five year part of the dollar curve — a tenor not attempted by many issuers over the last few weeks — as a French issuer opted for the tried and tested three year maturity and a German agency was able to increase a deal at that tenor from its target size.

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

A group of supranationals have revealed their local currency plans to GlobalCapital, with some planning to enter markets for the first time and others revisiting old haunts.

Nestle — Ted Baker — PTA — Afreximbank — PTA — Qartli Windfarm — Bahrain Credit

Three European socially responsible investment (SRI) funds have participated in a $22m loan, backed by the EBRD, to build Georgia’s first wind farm.

The International Swaps and Derivatives Association has appointed a senior official of the European Bank for Reconstruction and Development to its board of directors, in its first ever appointment of a supranational institution.

The European Bank for Reconstruction and Development (EBRD) has begun flexing its muscles in Greece’s private sector after the country was approved as an EBRD recipient country last year by arranging a partly syndicated loan for Hellenic Telecommunications Organisation (OTE).

A group of lenders are working on a long term loan for the privatisation of 14 Greek airports. Greece’s Alpha Bank is the advisor for the financing, which includes a €820m clip, according to a banker close to the deal.

Croatian food and pharmaceutical producer Podravka has agreed a €123m loan with the support of the European Bank for Reconstruction and Development.

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 looks at where supranationals are in their funding programmes ahead of the September rush.