IFC

The International Finance Corporation (IFC) has sold the first Nigerian naira bond since the country's central bank abandoned the currency’s peg to the dollar.

Rating: Aaa/AAA

The insatiable public sector investor base swallowed three dollar trades on Wednesday, encouraging other issuers to join the fun.

Public sector borrowers are in the middle of a monster week of borrowing, with seven benchmarks hitting screens so far.

KfW paved the way for a slew of dollar mandates from SSA borrowers on Tuesday with a $5bn new issue.

This week's scorecard looks at the progress of supranationals in their funding programme, including World Bank and IFC's first week of their new funding year.

Bank Nederlandse Gemeenten placed its inaugural social bond on Wednesday sharing the socially responsible investment (SRI) sector with a tap from the International Finance Corporation. The Dutch agency now wants more of the same.

Supranationals are experiencing a resurgence in interest in structured notes and, for some issuers, switching to two-way credit support annexes is enabling them to make the most of the demand.

The International Finance Corporation has sold a $30m June 2046 linear callable zero note, in response to a series of enquiries for the product.

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

The International Finance Corp and ADM Capital have launched a new $100m fund that will be used to syndicate loans to cash strapped small and medium sized companies in Asia, which have found themselves locked out of debt markets. While the venture wants to be a safety net for SMEs, the market will take some convincing, writes John Loh.

IFC and ADM Capital have launched a new platform that aims to syndicate lending to sound but financially stressed companies in Asia, filling a gap in lending to small and medium-sized enterprises.