World Bank

Pricing rather than size was the focus for public sector borrowers in the dollar market this week, although overly aggressive pricing was not the reason for one issuer having to pull back from bringing a tap issue.

Rating: Aaa/AAA

Public sector dollar flow picked up on Wednesday after a quiet start to the week, as World Bank brought a four year benchmark and Tunisia sold a bond backed by the US government.

Californian social financing company NPX last week launched what it claims is the first debt security to link returns with the achievement of impact metrics. GlobalCapital caught up with the company to find out how the new product, dubbed an "impact security", differs from other offerings in the SRI market.

See how World Bank and NWB's benchmarks scored in GC BondMarker

Last week's new benchmarks are available to rate on GCBondscore.

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.

World Bank reopened the SSA market on Wednesday with a $5bn three year dollar deal that met with a rapturous reception from supply starved, but cautious, investors.

Rating: Aaa/AAA

A pair of bumper dollar deals from top-tier borrowers reopened the SSA benchmark market on Wednesday after a two-week hiatus, drawing something of a line under a period of market uncertainty.

With the hree new issues in the market this week progressing well, the SSA market seems to have put Brexit chaos in the past and returned to business as usual.

The public sector bond market enjoyed its first constructive day in secondaries since the UK voted last week to leave the European Union, leading to hopes that primary supply could soon restart.