US dollar

World Bank group issuer returns to dollars for a record $4bn

◆ Rival bankers ‘surprised’ at starting level ◆ Speculation about ‘low-quality accounts’ in order book ◆ Timing ‘wasn’t the best’

Dutch agency prices 1bp back of World Bank Group borrower in ‘white hot’ market

◆ UK insurer prints inaugural dollar tier two a day after main sterling leg ◆ Achieves currency and investor diversification while meeting £750m funding target ◆ Revival in sterling FIG across capital structure

Subdued SSA dollar market is also getting a boost

‘A number of milestones’ achieved from rare long-dated green issuance

Issuer is open to look at dollar deals or euros again, and may debut in public Aussie and sterling markets

Deal pipeline quietly building in undersupplied market

Corporates kept pricing dollar deals this week despite equity market volatility, while analysts warned of a reduction in supply

◆ Market volatility no hindrance for foreign and domestic FIG issuers ◆ They take advantage of favourable conditions ◆ May volume to end more than 80% higher compared with a year ago

CDPQ and EDC bring fresh new issues

Borrowers are using different strategies to optimise capital but strong market encourages the most subordinated deals