SSAs launch triple header social bond extravaganza
Three issuers launched social bonds on the same day on Tuesday, which is likely a first for the SSA market. They raised a combined €1.5bn across five, seven and 10 years, with two of the deals managing to make dramatic moves in pricing thanks to what one banker called "superb conditions".
African Development Bank (AfDB), Cassa Depositi e Prestiti (CDP) and BayernLabo all chose Tuesday to issue their first social bonds.
It was CDP’s five year that gathered the largest order book of the day — perhaps unsurprising, considering that it offered the most generous spread to mid-swaps of
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