European Bank for Reconstruction and Development EBRD

Libya has paid in capital to become a shareholder in the European Bank for Reconstruction and Development, in a move that extends the development lender’s reach across the region.

Voltalia, the French renewable power producer, has launched a €376m rights issue to finance increased capacity, and has won a new investor in the European Bank for Reconstruction and Development (EBRD).

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

Emmerson eyes $230m project financing - NCC refis amid deal drought - Deufol cuts margins with loan refi - Ires Reit activates acquisition accordion - Ukraine's Kronospan receives EBRD-led loan, but MHP funding remains uncertain

Three SSA borrowers issued a total of £200m ($255m) of medium-term notes in response to an inquiry for three year non-call one fixed rate sterling bonds on Tuesday — which probably all sold to the same buyer — amid an uptick of paper in the currency.

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.