Supranational

An issuer owned by several member countries, such as a multilateral development bank. Backed by its members' capital, it typically borrows at very high credit ratings.

Where you will meet it

Supranational appears in 2 learning outcomes on the CFA syllabus. A few of them:

• Explain how issuers that are sovereign, non-sovereign, quasi-government or supranational raise funds
  CFA Level I · Fixed Income

  “Supranational issuers such as multilateral development banks are owned by member countries, backed by their capital, and typically borrow at very high credit ratings.”

• Set out the segments of the bond market and the kinds of bond indexes
  CFA Level I · Fixed Income

  “The fixed-income market is segmented in several ways, starting with issuer type: sovereign, non-sovereign government, quasi-government, supranational, corporate and securitised debt.”

Practise it

• Today's practice question One question, with every wrong option explained.
• Free Level I diagnostic test Twelve questions that show which topics to start with.
• Free finance calculators Check your arithmetic on the exam's core formulas.

All terms beginning with S · Glossary