European Bank for Reconstruction and Development EBRD

Ukrainian wood processor Kronospan has secured a €116m loan from the EBRD and commercial lenders. The deal adds light to a desolate market, though a loan for Ukrainian borrower MHP may be at risk due to competition concerns.

Volodymyr Zelensky's victory in Ukraine's presidential elections last weekend is unlikely to be a catalyst for a burst of corporate or sovereign loan issuance, according to international lenders. Although financing requirements are to remain high, borrowers are expected to focus on bonds and supranationals.

The European Bank for Reconstruction and Development plans to raise its new investment to more than €10bn in 2019 for the first time in the bank’s history, after suffering a fall last year as it took a hit to its profits. By Phil Thornton.

The issuance of two currency-linked notes on the private market should help stimulate local currency markets in Myanmar and Ukraine according to one syndicate banker.

The hectic spell of sterling borrowing by SSA borrowers has yet to run its course. A European supranational hit screens in the currency on Wednesday for its second bond of the year in the currency.

Armenia is to increasingly tap the repo market for its funding needs following three landmark transactions between Armenian banking group Armswissbank and the European Bank for Reconstruction and Development (EBRD).

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

The European Investment Bank, European Commission and EU member states are struggling to decide how to run InvestEU, a €47bn guarantee from the EU budget supposed to support €650bn in investment, as a successor to the Juncker plan. The Commission is seeking more direct control, while the European Bank for Reconstruction and Development is also after a bigger role.

Hopes of a thriving new market for securitizations by multilateral development banks hit a hole in the road in December, when the US Treasury said it disapproved of them and would seek to stop them.

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A stampede of dollar funders in the public sector market could be set to hit the euro market over the coming weeks as the euro/dollar basis swap reached levels not seen since the immediate aftermath of the eurozone sovereign debt crisis. Deals could come from issuers who are a rare sight in euros and there could even be some debuts, writes Burhan Khadbai.

The sterling market for public sector borrowers is enjoying its best ever start to a year thanks to superlative conditions, Sonia linked debuts and a UK parliamentary vote on Brexit next week.