ADB in the news

  • CGIF and Surbana Jurong team up on project bonds

    Credit Guarantee & Investment Facility (CGIF) and infrastructure consulting firm Surbana Jurong are joining up to boost the use of local currency bonds in funding greenfield infrastructure projects in southeast Asia.

    • 25 May 2017
  • ADB issues Rp3bn Masala to fund renewable projects

    The Asian Development Bank (ADB) printed its inaugural Rp3bn ($47m) green Masala bond on Wednesday, aimed at supporting the financing of climate change mitigation and adaptation projects in India, the agency said.

    • 18 May 2017
  • KBN opens dormant Kauri market

    Kommunalbanken on Tuesday became the first issuer to tap the Kauri market since February. The Nordic agency responded to reverse enquiries, tapping an eight year bond at an after-swap pricing level that was a little over its dollar curve.

    • 11 May 2017
  • Local currency key to filling Asia infra financing deficit

    Asia is overloaded with infrastructure projects hungry for financing, even though there is money to fund them. How to bring the two together is the question raised by panellists at the Asian Development Bank’s annual meeting in Japan — and for some local currency lending is the way forward.

    • 05 May 2017
  • GC BondMarker: featuring EFSF's dual tranche

    The votes have been counted and the GC BondMarker verdict has been reached for last week's trades. See how they stacked up.

    • 04 May 2017
  • ADB USD4bn 1.625% May 20

    • 27 Apr 2017
  • Dollars red-hot as ADB hits $4bn, but long end out of reach

    The dollar market has enjoyed yet another strong week, with one issuer breaking its size record and another pair matching their own. SSA bankers are readying themselves for a busy May in the currency. But despite issuers keen to push out the curve, it looks like 10 year benchmarks are off the table.

    • 27 Apr 2017
  • ADB joins $4bn club

    The Asian Development Bank on Wednesday hit the $4bn mark for the first time with a dollar benchmark, taking advantage of a dearth of supply and offering a bit of juice to harvest a hefty amount of cash.

    • 26 Apr 2017
  • EBRD goes large and tight in dollars, as ADB aims for threes

    The European Bank for Reconstruction and Development on Tuesday equalled its largest ever size in dollars on Tuesday with a deal priced flat to or through its curve. The Asian Development Bank is set to follow in a market in which issuers are winning demand from investors starved of supply, said bankers.

    • 25 Apr 2017
  • Madrid and CEB lining up for SRI

    A flurry of activity in the market for socially responsible investments shows no sign of letting up, with two borrowers set to make their debut next week and two more waiting in the wings.

    • 30 Mar 2017
  • ADB to bring green bonds to Uridashi market

    Asian Development Bank will issue its first green bonds in the Uridashi market in May, with Daiwa Securities as dealer.

    • 28 Mar 2017
  • Inflation knocks shine off sterling SSA market

    A higher than expected UK inflation rate led to a sell-off in Gilts this week, a move that may put an end to what has been a remarkable run of traffic in sterling SSA bond issuance.

    • 23 Mar 2017
  • EIB to be last name in sterling frenzy?

    The European Investment Bank on Tuesday became the sixth European public sector borrower to hit screens in sterling since March 13, tapping a January 2020 line for £250m. But UK inflation figures could put an end to the currency's run in the sun. Meanwhile, investors and banks discussed what form the next UK Gilt syndication should take.

    • 21 Mar 2017
  • BoE rift fails to dent SSA sterling appetite

    The Bank of England's Monetary Policy Committee on Thursday voted to keep its base rate at 0.25%, but a dissenting voice and a hawkish tone to the minutes have caused a Gilt sell-off at the short end.

    • 16 Mar 2017
  • Trio buff up Kangaroo long end

    The Province of Ontario and Rentenbank tapped bonds at the long end of the Kangaroo curve this week, while the Asian Development Bank (ADB) mandated banks for a new Australian dollar bond.

    • 02 Mar 2017
  • ADB buffs up long end with Kanga mandate

    The Asian Development Bank is set to issue a 10.5 year Australian dollar bond on Friday.

    • 02 Mar 2017
  • ADB USD3.75bn 2% Feb 22

    • 09 Feb 2017
  • Le Pen threat rattles French FIG and SSAs with OAT shock

    The prospect of a far-right leader becoming president of France rocked government bond markets this week. It led to a rare pulled French agency deal and will cause the country’s banks problems with their own huge funding needs. But as other issuers in eurozone countries facing elections showed, the picture of the risks ahead is complicated. Craig McGlashan reports.

    • 09 Feb 2017
  • ADB dollar record breaker rounds off rocky week for SSAs

    The Asian Development Bank on Thursday hit new heights in benchmark issuance, as it sold its largest ever single tranche deal in a week that has been marked by tricky conditions.

    • 09 Feb 2017
  • BNG breezes through election jitters as ADB prepares dollar fives

    Bank Nederlandse Gemeenten showed that investors in its dollar bonds are not overly concerned about an upcoming Dutch general election, as it priced a bond on Wednesday that was just $250m short of its record size in the currency. More public sector dollar supply is set for Thursday, after Asian Development Bank hired banks for a five year global benchmark.

    • 08 Feb 2017

Dealer League Table ADB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2017
1 JPMorgan 809.51 10 16.95%
2 TD Securities Inc 638.00 4 13.36%
3 Daiwa Securities 558.06 5 11.69%
4 Goldman Sachs 499.26 1 10.46%
4 Bank of America Merrill Lynch 499.26 1 10.46%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Barclays 10,691.12 15 8.76%
2 BNP Paribas 10,516.31 14 8.62%
3 Citi 10,121.17 12 8.30%
4 HSBC 9,193.03 13 7.53%
5 JPMorgan 8,809.30 12 7.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 May 2017
1 JPMorgan 25,552.69 63 5.96%
2 Citi 24,119.11 60 5.63%
3 Deutsche Bank 17,545.97 37 4.09%
4 HSBC 16,628.60 40 3.88%
5 Barclays 13,251.34 33 3.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 22,518.92 50 8.33%
2 BNP Paribas 21,790.92 38 8.06%
3 Barclays 21,543.33 50 7.97%
4 HSBC 19,548.33 56 7.23%
5 UniCredit 18,534.46 46 6.86%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%