ADB in the news

  • 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
  • ADB makes muted return to euros

    Asian Development Bank's first euro syndication in three years enjoyed only tepid success on Wednesday, as observers wondered if the 20 year trade was fully subscribed.

    • 01 Feb 2017
  • ADB hunts long euros as FADE cleans up

    Fondo de Amortización del Déficit Eléctrico (FADE) was warmly welcomed by capital markets on Tuesday for its first benchmark in 18 months, while Asian Development Bank hit screens looking for its first syndicated euro deal in almost three years. HSH Finanzfonds also raised cash on Tuesday.

    • 31 Jan 2017
  • Rentenbank looks for liquidity in Kanga tap

    Rentenbank added a A$475m ($349.6m) tap to its September 2022 Kangaroo bond, joining the Asian Development Bank and Inter-American Development Bank in printing Kangaroo fives in the new year.

    • 09 Jan 2017
  • ADB stutters in dollar 10s, short end sparkles

    Hopes that spiralling US Treasury yields could lead to a healthy year for 10 year dollar benchmarks from SSA borrowers took a beating this week when the Asian Development Bank bellyflopped with its own attempted entry. Craig McGlashan reports.

    • 05 Jan 2017
  • ADB USD3bn 1.75% Jan 20, USD1bn 2.625% Jan 27

    • 05 Jan 2017
  • ADB falls short in 10s amid murmurs over pricing

    A dual tranche global deal from the Asian Development Bank on Wednesday at least temporarily dashed hopes that this year could be strong for 10 year dollar benchmark issuance — although some bankers away from the trade felt that the problems were idiosyncratic rather than reflective of demand.

    • 04 Jan 2017
  • SSAs strike cautious note despite strong pipeline

    SSA borrowers have wasted no time in approaching the primary market this year and the early pipeline appears strong. But as buoyant as conditions appear, there was evidence to suggest investors will not be buying everything thrown their way at any old price.

    • 04 Jan 2017
  • Supras prepare next moves in local currencies

    A group of supranationals have revealed their local currency plans to GlobalCapital, with some planning to enter markets for the first time and others revisiting old haunts.

    • 13 Oct 2016
  • ADB USD1.25bn 0.875% Oct 18

    • 29 Sep 2016
  • ADB breaks 2016 dollar spread record as SNCF Réseau makes debut

    The Asian Development Bank on Thursday sold the tightest priced SSA dollar benchmark of the year, as SNCF Réseau got off to a flying start with its first ever issue in the currency.

    • 29 Sep 2016
  • SNCF Réseau lines up dollar debut as ADB goes for tight print

    The dollar market for SSAs is set to spark into life on Thursday, with one issuer lining up a debut deal in the currency and another attempting to print at the lowest spread to mid-swaps this year.

    • 28 Sep 2016

Dealer League Table ADB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Mar 2017
1 JPMorgan 747.04 7 15.98%
2 TD Securities Inc 638.00 4 13.65%
3 Daiwa Securities 544.75 4 11.65%
4 Goldman Sachs 499.26 1 10.68%
4 Bank of America Merrill Lynch 499.26 1 10.68%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Barclays 7,850.85 11 9.64%
2 BNP Paribas 7,280.82 10 8.94%
3 JPMorgan 6,400.12 9 7.86%
4 Citi 6,397.23 7 7.85%
5 HSBC 5,782.53 9 7.10%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 70,638.94 233 5.64%
2 Citi 64,455.74 181 5.14%
3 Bank of America Merrill Lynch 52,697.88 159 4.20%
4 HSBC 50,839.31 131 4.06%
5 Goldman Sachs 40,980.07 92 3.27%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 16,973.44 36 9.52%
2 JPMorgan 15,109.82 32 8.47%
3 Bank of America Merrill Lynch 12,986.53 29 7.28%
4 Credit Agricole CIB 12,729.79 30 7.14%
5 BNP Paribas 11,479.52 24 6.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 JPMorgan 38,272.69 159
2 Citi 31,489.91 112
3 Barclays 29,902.18 73
4 HSBC 27,124.22 95
5 Deutsche Bank 26,280.34 101