ADB in the news

  • ADB brings two taps to Kangaroo market

    Asian Development Bank opened proceedings on two Kangaroo taps on Monday.

    • 10 Jul 2017
  • ADB adds spice to Masala bonds with Rp14bn deal

    The Asian Development Bank (ADB) has given yet another boost to the Masala bond market, raising Rp14bn ($217m) from its third offshore-rupee linked note of the year.

    • 29 Jun 2017
  • GC BondMarker: featuring deals from ADB, CDC and KommuneKredit

    The scores have been counted and the results for the benchmarks sold in the week commencing May 29 are in. The week produced only a smattering of public sector trades trades, and not all were warmly received.

    • 08 Jun 2017
  • Contrasting dollar fortunes for SSAs

    There was just a smattering of public sector dollar deals this week — but a wide difference in how they fared.

    • 01 Jun 2017
  • SSAs go short in dollars amid reset swap spreads

    Public sector borrowers are aiming for the short end of the dollar curve, as swap spreads in the area hover around the spot in which they started 2017, having dropped sharply from the year’s highs hit in March.

    • 31 May 2017
  • Focus turns to SRI as SSA issuance pace slackens

    With many borrowers far ahead of schedule in their funding programmes and ebullient mood of the past month receding, attention is turning to more strategic trades as well as socially responsible issuance.

    • 31 May 2017
  • ADB offers 3bp premium with rare four year dollar trade

    Asian Development Bank will visit the rare four year part of the dollar curve on Wednesday, after picking banks for a minimum $1bn June 2021 global.

    • 30 May 2017
  • 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

Dealer League Table ADB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 877.14 15 17.80%
2 TD Securities Inc 638.00 4 12.95%
3 Daiwa Securities 603.83 6 12.25%
4 Goldman Sachs 499.26 1 10.13%
4 Bank of America Merrill Lynch 499.26 1 10.13%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 14,891.10 17 9.46%
2 Barclays 12,759.91 17 8.11%
3 HSBC 12,732.87 18 8.09%
4 BNP Paribas 12,133.14 16 7.71%
5 JPMorgan 10,382.02 14 6.60%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 33,810.56 82 12.15%
2 JPMorgan 30,730.06 80 11.05%
3 HSBC 21,125.88 53 7.59%
4 Bank of America Merrill Lynch 20,817.31 63 7.48%
5 Deutsche Bank 19,672.75 44 7.07%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 HSBC 26,261.47 79 7.41%
2 Barclays 25,367.48 60 7.15%
3 BNP Paribas 25,241.18 48 7.12%
4 UniCredit 25,109.75 69 7.08%
5 JPMorgan 25,047.63 70 7.06%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 64,707.03 216 7.61%
2 JPMorgan 64,103.16 349 7.54%
3 HSBC 54,776.10 208 6.44%
4 Barclays 49,173.78 145 5.78%
5 Deutsche Bank 45,614.64 170 5.37%