Inter-American Development Bank IADB

Dollar issuance could take on a supranational and French flavour next week, if this Wednesday’s Federal Reserve Open Markets Committee meeting leaves markets in a decent state, SSA Markets understands.

This week's funding scorecard focuses on some of the major supranational borrowers, some of which have just announced new funding programmes. Next Friday's scorecard will give take a look at the funding progress of several major European supranationals and agencies.

The Inter-American Development Bank is set to price its first sterling benchmark of the year on Monday afternoon, opting to target the short end of the curve with two year debt.

Bank Nederlandse Gemeenten has hired four banks to run a three year 144A syndication in dollars this week. The issuer is the first SSA name out of the gates although are looking to price deals ahead of US non-farm payrolls data on Friday.

A quiet week for Kangaroo issuance is on the cards, with a Reserve Bank of Australia meeting on Tuesday leaving screens blank on Monday. Issuers are mulling opportunities at the long end, according to syndicate bankers, but reduced deal sizes at the close of last week suggest investors may be close to sated.

The Inter-American Development Bank is expected to print an oversubscribed $2bn three year benchmark later on Tuesday, reopening the SSAs’ post summer benchmark programme in style despite shaky market conditions after weeks of volatility in Treasuries.

The Inter-American Development Bank set out to test investor appetite for dollar benchmark paper on Monday afternoon when it announced the first benchmark deal to come after the summer break.

The return of benchmark issuance after the summer lull could be imminent. A Washington supranational is thought to be on the cusp of mandating banks for a deal next week. A bevy of issuers, keen to get deals away before the UK bank holiday on August 26, will be watching the deal’s progress with interest if it comes — as expected — on Monday.

This week's funding scorecard focuses on some of the major supranational borrowers, some of which have just announced new funding programmes. Next Friday's scorecard will give take a look at the funding progress of a number of European supranationals and agencies.

A bevy of issuers looked to print dollar floaters on Wednesday and Thursday, as Federal Reserve chairman Ben Bernanke’s congressional testimonies on both days made markets too risky for issuers to attempt a fixed rate benchmark. But as Bernanke’s dovish testimony appeared to mollify markets, the era of floaters could come to an end next week.

This week's funding scorecard focuses on some of the major supranational borrowers. Next week's scorecard will give an update on the funding progress of a number of CEE sovereigns.

Beginning today with a round up of some of the biggest supranational issuers, SSA Markets will publish each Friday an update on how much funding SSA issuers have raised and how much they have left to find. Click on the borrower's name or it's logo to see more data.