IADB in the news

  • IADB USD3bn 2.125% Jan 22

    • 12 Jan 2017
  • MTN dealers sceptical of costly Origin, but MAR could add value

    Origin, an electronic platform for private placement issuance, went live on Monday. While some dealers believe the system may be too costly for the service it provides, the market abuse regulation (MAR) could make the system more valuable.

    • 12 Jan 2017
  • Dollar deluge but pricing still an art

    More dollar deals are expected next week following a searing few days for trades in the currency, but despite bumper books and deal sizes, some in the market feel there is still some price discovery work to do. Meanwhile, US president-elect Donald Trump made his presence felt on the issuance calendar.

    • 12 Jan 2017
  • SRI calendar shapes up as agency plans debut issue

    The socially responsible investment market for public sector bond issuers is shaping up for another busy year, with one agency planning a debut print in the next few months.

    • 12 Jan 2017
  • Sterling stream set to keep flowing as SSAs mull deals

    More public sector borrowers want to enter a red hot sterling market, including some that have barely visited the market in years.

    • 12 Jan 2017
  • More dollars to follow Tuesday deluge before Trump takes charge

    Public sector borrowers tore $10bn of funding from the dollar market on Tuesday, shaving several basis points from initial price thoughts in the process. Only one benchmark is on screens for Wednesday, but SSA bankers expect next week’s run-up to the inauguration of Donald Trump as US president on January 20 will be — in Trump terminology — “huge”.

    • 10 Jan 2017
  • Super Tuesday as quartet hit screens in dollars

    Tuesday’s dollar market is set to be packed to the rafters, with a quartet of issuers out with trades and most of the focus at the five year part of the curve.

    • 09 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
  • Funding scorecard: supranationals

    This week's scorecard looks at the progress supranationals have made in their funding programmes.

    • 18 Nov 2016
  • AfDB pounces on Kanga as funding need grows

    The African Development Bank (AfDB) added a A$30m ($22.8m) tap to its June 2026 Kangaroo line on Monday. The trade could precede more issuance in this market from the borrower as it grapples with a ramped up funding target.

    • 31 Oct 2016
  • Supranationals enjoy busy week in Kangas

    Eurofima, Inter-American Development Bank and International Finance Corporation tapped their 10 year Kangaroo lines this week, raising a total A$180m ($136.8m), as Asian investors looked for yield from the Aussie market.

    • 27 Oct 2016
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes.

    • 14 Oct 2016
  • 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
  • EBRD prepares dinar as IADB readies Mexican treasury

    The European Bank for Reconstruction and Development and the Inter-American Development Bank are on the cusp of completing new developments that should aid the growth of capital markets in developing countries

    • 07 Oct 2016
  • SSAs look to 10 year bonds for Kangaroo funding

    The Inter-American Development Bank, a Canadian sub-sovereign and two Danish agencies offered chunky issuance to the Kangaroo market this week. The SSAs took advantage of Asian accounts looking to work their cash at the 10 year part of the Australian dollar curve.

    • 06 Oct 2016
  • IADB lengthens its Kangaroo curve with a 10.5 year

    The Inter-American Development on Tuesday extended its Kangaroo curve with an April 2027 issue. The new bond is, in effect, replacing IADB's June 2026 bond, the borrower said.

    • 04 Oct 2016
  • Dollar demand strong but SSAs still planning ahead for more

    The dollar market enjoyed another strong week with a group of issuers printing, but borrowers are looking ahead to a new wave of interest from bank treasuries in Asia — and some are reporting that the demand has already arrived.

    • 08 Sep 2016
  • SSAs line up in short dollars as rate rise expectations drop

    A trio of public sector borrowers are set to spray the short end of the dollar curve with deals on Wednesday, including one making its first visit in over two years, as markets priced in an ever decreasing chance of a rate rise at the next US Federal Open Market Committee meeting later this month.

    • 06 Sep 2016
  • Funding scorecard: supranationals

    This week's scorecard looks at where supranationals are in their funding programmes ahead of the September rush.

    • 19 Aug 2016
  • SSAs are hopping back to the Kanga market

    The SSA market enjoyed a resurgence of Kangaroo issuance this week. The flurry was mostly driven by Asian reverse enquiry, and stands in contrast to an inactive first half for SSA issuance in Aussie dollars.

    • 04 Aug 2016

Dealer League Table IADB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Mar 2017
1 Bank of America Merrill Lynch 1,063.65 4 10.30%
2 HSBC 881.25 3 8.53%
3 JPMorgan 757.18 3 7.33%
4 BMO Capital Markets 749.08 1 7.25%
5 Deutsche Bank 398.76 4 3.86%

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
  • 07 Mar 2017
1 JPMorgan 13,983.25 38 11.62%
2 Citi 12,835.76 34 10.66%
3 TD Securities Inc 9,199.65 20 7.64%
4 HSBC 8,885.36 22 7.38%
5 Deutsche Bank 7,825.80 21 6.50%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Barclays 16,566.61 33 9.78%
2 JPMorgan 14,128.94 27 8.34%
3 Bank of America Merrill Lynch 12,288.23 26 7.26%
4 Credit Agricole CIB 11,879.83 26 7.02%
5 HSBC 11,124.72 31 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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