Inter-American Development Bank IADB

The Inter-American Development Bank (IADB) and the Asian Development Bank (ADB) are set to answer the burning question in the SSA dollar market on Tuesday as they attempt to find the price at which the apparently rampant appetite for SSA dollar paper extends to tightly priced supranational credits.

Several supranational borrowers are eyeing dollar issuance after a blockbuster start to the market this week, SSA Markets understands. Denmark’s KommuneKredit capped off a week of oversubscribed trades from Libor plus issuers when it sold its first ever five year.

The Inter-American Development Bank brought its third Kangaroo deal of the month on Tuesday. The IADB managed to combine punchy pricing with an increase on the target size of the deal due to a lack of supply of Australian dollar bonds in that part of the curve.

The Inter-American Investment Corporation (IIC) has mandated four banks for its debut offering which will be a dollar-denominated floating rate note.

The Inter-American Development Bank (IADB) pounced on recent healthy secondary Kangaroo market flows to print the first SSA benchmark in this format since August 8 on Tuesday ― a A$400m ($417.9m) 3.5% 2017 deal.

The Inter-American Development Bank (IADB) and Kommuninvest this week awoke a dormant Kangaroo market with taps of their 2022 lines.

A queue of SSA issuers is forming to take advantage of an under supplied dollar market with a flood of supply in September, according to bankers. Although tight spreads and low yields will make conditions tough for the very best credits in shorter dates, duration and cheaper names should be able to take advantage of a hungry investor base.

The Inter-American Development Bank (IADB) returned to the Kangaroo market on Wednesday, the only SSA to do so as the market’s recent pace of issuance begins to slow.

A lack shortage of supply in secondary is driving investors into private placement markets. Washington supranationals raised funds through innovative methods this week, including Uridashi and private placements in unfamiliar currencies.

The Inter-American Development Bank (IADB) sustained the flurry of SSA Kangaroo supply of the last month when it priced a A$200m ($211.3m) tap of its 2022s on Friday last week.

Inter-American Development Bank took advantage of an uptick in dollar swap levels to print a 30 year dollar global on Tuesday evening.

The Inter-American Development Bank (IADB) got into the Kangaroo market early on Friday when it priced a A$200m no grow 3.75% 10 year stealth issue ahead of what is expected to be a busy week of issuance in the sector.