DBJ pulls in spread with sustainability bond
The Development Bank of Japan has managed to yank the spread in by 8bp for its third sustainability bond on Wednesday, which was still more than three times subscribed.
The deal had not been priced at the time of writing, but the size
of the five year transaction was set at $1bn and the spread at 48bp over mid-swaps.
The agency announced at the end of August that it intended to
launch a sustainability bond later this year.
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