European Bank for Reconstruction and Development EBRD

The European Bank for Reconstruction and Development on Wednesday sold its second Kazakhstani tenge note ever in what bankers say is an oil price play.

Read on to see how far selected supranationals have progressed with their funding for the year.

Dollar issuance is clustering at the short end of the curve as bankers fear the threat of a rate increase at the Federal Open Market Committee’s (FOMC) meeting on June 14-15.

Philip Bennett, chief operating officer at the European Bank for Reconstruction and Development (EBRD), said that 2016 was “finally” the year that progress would be seen in the nascent central and eastern European covered bond market.

The European Bank for Reconstruction and Development printed a $500m floating rate note on Thursday in the week’s third deal in the format.

The European Investment Bank printed a three year dollar benchmark on Wednesday, joining other issuers this week in staying at the short end of the curve.

We examine the progress a number of supranationals have made in reaching their funding targets for the year in this week's funding scorecard.

Emerging market currencies appear to be back in fashion with medium term note investors this week, after supply had weakened in early February from a strong January start.

This week's scorecard looks at the funding progress of supranationals so far in 2016.

A recent flurry of medium term notes in Russian roubles indicates that some investors believe that the currency has found its floor.

A recent flurry of medium term notes in Russian rubles indicates that some investors believe that the currency is unlikely to fall much further.

Despite a turbulent outlook for emerging markets and a closed Russian loan market, the European Bank for Reconstruction and Development (EBRD) doubled the amount of syndicated loans it arranged last year.