• Asset World, Everbright raise green loans

    Thai hospitality firm Asset World Corp and Hong Kong’s China Everbright Environment Group both tapped the green loan market this week.

    • 21 Oct 2020
  • Supras plug away in quiet week

    Focus was on the public market this week, with supranationals making up the majority of MTN supply.

    • 16 Oct 2020
  • IFC GBP1bn 0.25% Dec 25

    • 08 Oct 2020
  • IFC sells biggest ever sterling bond as basis swap improves for non-UK funders

    The International Finance Corporation made a strong return to the sterling market on Tuesday by printing its biggest ever bond in the currency with a negative new issue concession, as issuance heats up thanks to an improvement in the cross currency basis swap for dollar and euro borrowers.

    • 07 Oct 2020
  • Covid-19: SSA response bonds

    Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.

    • 22 Sep 2020
  • IFC appoints regional funding heads

    The International Finance Corporation has named two of its senior funding officers to lead the supranational’s borrowing operations in Europe and Asia.

    • 14 Sep 2020
  • IFC brings new five year to quiet Kauri market

    International Finance Corp sold the first Kauri bond in more than two months on Thursday, while in the Kangaroo market a pair of European agencies tapped a pocket of demand further down the curve.

    • 27 Aug 2020
  • IFC jumps on 10 year dollar bandwagon

    The International Finance Corporation has mandated banks to lead a 10 year dollar bond in what will be the fourth public sector borrower to sell a bond in this part of the curve this week.

    • 19 Aug 2020
  • IFC hops into the Kanga long end

    The International Finance Corporation sold the first SSA Kangaroo deal in over three weeks on Thursday, returning to the market with a A$100m ($71.9m) 11 year bond.

    • 29 Jul 2020
  • Funding scorecard: supranationals

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

    • 08 Jul 2020
  • IFC unveils 2020-21 funding plan

    The International Finance Corp has announced its funding programme for its 2020-21 fiscal year.

    • 03 Jul 2020
  • KBN prints bumper Kauri amid Kiwi dollar boom

    Kommunalbanken snagged NZ$500m ($324.5m) on Friday with the second largest Kauri bond of the year. Interest in the New Zealand dollar is high, with NZ$1.1bn worth of SSA Kauri deals printed so far this month — and more are set to follow.

    • 22 Jun 2020
  • MuniFin returns to Kauris after seven years

    Finland’s Municipality Finance returned to the domestic New Zealand dollar bond market on Friday after a long absence, to raise its largest Kauri bond since 2008.

    • 12 Jun 2020
  • IFC shifts ESG focus onto banks with new dealer scorecards

    The International Finance Corp has launched the first systematic process by an issuer to formally integrate environmental, social and governance (ESG) considerations into choosing its bookrunners. Senior funding officials and sustainability bankers have welcomed the initiative as an important evolution in the use of ESG in capital markets, write Burhan Khadbai and Jon Hay.

    • 11 Jun 2020
  • Egypt green bond on hold as ESG market sparks

    Egypt’s debut green bond, which had been expected to come to market in the first half of the year, is on hold, according to sources. But although the coronavirus pandemic has impacted issuance for issuers such as Egypt, the green bond market is far from dead.

    • 09 Jun 2020
  • IFC revises funding target

    With one month to go of its 2019/2020 financial year, the International Finance Corporation has revised down its funding target.

    • 01 Jun 2020
  • IFC takes corona funding to Kangaroo market

    The International Finance Corp returned to the Australian dollar bond market to fund its response to the coronavirus pandemic on Monday, while at the end of last week BNG capped the strongest month for SSA Kangaroo deals for over nine months.

    • 01 Jun 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes as we reach the end of May and enter June.

    • 01 Jun 2020
  • Kangaroo volumes on the rise

    A quartet of SSAs borrowed a combined A$940m ($613.4m) into the Kangaroo market this week, spurring the SSA Aussie dollar market on to its best monthly volume in over nine months.

    • 22 May 2020
  • Supranationals taps niche currencies for Covid-19 response

    Social bonds are proving to be a key part of SSAs fight against the coronavirus, with $10.6bn equivalent printed since the start of the pandemic. Having already tapped core currency markets last month, this week a pair of supranationals turned towards niche currencies to fund their response to the pandemic. With demand for the social format high, both bankers and funding officials are hopeful the new investor interest will stick around after the pandemic passes.

    • 08 Apr 2020
  • World Bank ups funding programme, eyes prefunding

    The World Bank has increased its funding allowance for its 2019-20 fiscal year by $5bn. It now plans to raise between $55bn and $65bn, up from its previous $55bn-$60bn target, according to a funding official at the supranational.

    • 23 Mar 2020
  • Defensive MTNs offer funding avenue to SSAs

    Despite the terrible effects of the coronavirus pandemic on capital markets, the MTN market is open and functioning.

    • 20 Mar 2020

IFC data breakdown

Sources: IFC, Dealogic

Credit rating Aaa/AAA
Basel II risk weighting
0%
Headquarters
2121 Pennsylvania Avenue, NW,
Washington, DC 20433 USA

 

See Funding scorecard: supranationals for IFC's funding progress this year.

 

 

IFC



 

Dealer League Table IFC

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 0.82 23 10.73%
2 TD Securities Inc 0.76 13 9.91%
3 BofA Securities 0.62 9 8.16%
4 ANZ 0.60 6 7.81%
5 SEB 0.54 4 7.08%

Key
officials

Flora Chao, global head of funding

Marcin Bill, senior financial officer

Elena Panomarenko, senior financial officer

Maki Yasui, senior financial officer

Yuri Kuroki, associate financial officer

Hiroyasu Hirano, associate financial officer

Zauresh Kezheneva, financial analyst

Esohe Denise Odaro, investor relations officer

Sophie Peeters, investor relations analyst

Overview
commentary
The International Finance Corporation (IFC) is a member of the World Bank group. It provides
investment and advisory services to build the private sector in developing countries. The IFC was
established in 1956 and ended that year with 56 member countries. Membership has increased
gradually, standing at 184 at the end of 2011-2012 financial year.

The member countries provide IFC’s authorised share capital of $2.58bn, 51% of the capital are held by G7 countries, collectively determine its policies, and approve investments.
Guarantee All of IFC's notes constitute direct, unconditional, general and unsecured obligations of the corporation. The notes are not obligations of the IBRD or of any of its shareholders and IFC's notes are not fully or partially guaranteed by the World Bank or any of its shareholders.
Ownership
structure
IFC has 184 Member Countries and 51% of the capital is held by G7 countries. IFC has strong shareholder support and is the only supranational with fully paid-in capital, exclusively in US dollars.
Private
placement
policy
IFC aims to maintain its position as an active and flexible issuer of plain vanilla and structured notes and works on reverse enquiry basis offering extensive products including interest rate linked, FX linked, index linked, equity linked, FRNs, emerging market currencies/linkers, Bermudan and European callables. Minimum size $3 million equivalent; maturities ranging from 1 to 30 years.

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.49 60 10.43%
2 BNP Paribas 35.95 41 8.82%
3 Citi 29.08 41 7.14%
4 BofA Securities 25.35 63 6.22%
5 Barclays 23.24 40 5.70%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 52.40 123 11.21%
2 JPMorgan 42.18 92 9.02%
3 HSBC 33.27 93 7.12%
4 Goldman Sachs 32.16 57 6.88%
5 BofA Securities 31.86 78 6.81%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 68.22 148 8.94%
2 BNP Paribas 64.90 111 8.50%
3 UniCredit 52.84 121 6.92%
4 HSBC 47.07 140 6.17%
5 Credit Agricole CIB 46.40 107 6.08%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 132.55 362 7.62%
2 Citi 109.74 244 6.31%
3 HSBC 98.00 306 5.64%
4 BofA Securities 88.47 242 5.09%
5 BNP Paribas 85.07 178 4.89%