IADB in the news

  • Secondary pricing update: featuring IADB's dollar 10 year

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

    • 07 Jul 2017
  • GC BondMarker: IADB and Spain excel but KfW lags

    Benchmarks from the Inter-American Development Bank, KfW and Spain have now been scored in GC BondMarker. While two of the deals met with a warm reception from voters, one deal was not so popular.

    • 06 Jul 2017
  • SSAs fund in Kangas before market quiets down

    The Inter-American Development Bank (IADB) raised A$100m ($76.1m) on Tuesday by tapping its June 2026 Australian dollar bonds. It was joined later in the week by Nederlandse Waterschapsbank (NWB), the International Finance Corporation (IFC) and the European Investment Bank, which launched a tap that is expected to be priced on Friday.

    • 06 Jul 2017
  • IADB, NWB tap Kangaroo long end

    The Inter-American Development Bank raised A$100m ($76.1m) on Tuesday by tapping its June 2026 Australian dollar bonds, despite the remaining maturity falling short of where most long end Kangaroo demand resides. Meanwhile, Nederlandse Waterschapsbank responded to reverse enquiry, tapping its 3.5% July 2027 bonds for A$15m.

    • 04 Jul 2017
  • IADB set to tap Kangaroo 2026s

    The Inter-American Development Bank is looking to tap its 4.25% June 2026 Australian dollar bonds, despite the remaining maturity falling short of where most long end Kangaroo demand resides.

    • 03 Jul 2017
  • IADB USD2.3bn 2.375% Jul 27

    • 29 Jun 2017
  • IADB blasts open 10 year dollar mart with record breaker

    The 10 year dollar market is back open for supranational issuers, after the Inter-American Development Bank (IADB) sold a barnstormer on Wednesday that broke its 10 year size record.

    • 29 Jun 2017
  • IADB kicks open 10 year dollar door

    The Inter-American Development Bank sent SSA bankers into rapturous applause on Wednesday as it reopened the 10 year part of the dollar curve for richer names with what Dealogic data shows is its largest ever global benchmark in the tenor.

    • 28 Jun 2017
  • IADB aims for rare 10 year dollar benchmark

    The Inter-American Development Bank is set to tackle the 10 year part of the dollar curve, a maturity that most of its peers have avoided so far this year.

    • 27 Jun 2017
  • IADB launches 15 year Kangaroo note

    Inter-American Development Bank launched a debut 15 year Kangaroo bond on Monday, the third supranational to look for ultra-long Australian dollar funding in the last year.

    • 19 Jun 2017
  • Mnuchin capital curb sets up dollar duration for SSAs

    A call by US Treasury secretary Steven Mnuchin this week to lessen the capital burden on banks had a bigger effect on US rates than a well telegraphed Federal Reserve target rate rise, creating some breathing space in long end swap spreads. That could ease long dated public sector bond issuance, but with euro market offering enviable duration funding, there may not be a queue of borrowers ready to print, writes Craig McGlashan.

    • 15 Jun 2017
  • KBN ‘banishes KommuneKredit trade’ with bumper book

    Kommunalbanken built a doubly subscribed book on Tuesday for a long three year dollar deal that bankers said should give confidence to the market after a similar trade from KommuneKredit two weeks ago fell short of full subscription.

    • 13 Jun 2017
  • KBN and IADB line up dollar deals ahead of likely Fed hike

    A pair of SSAs are set to nip in with dollar deals ahead of a US Federal Open Market Committee meeting on Wednesday at which investors overwhelmingly expect a target rate rise — although the strength of that expectation has dipped slightly.

    • 12 Jun 2017
  • AIIB recruits IADB’s Stipe as head of treasury strategy

    The Asian Infrastructure Investment Bank has announced a new head of treasury strategy, the latest hire in its recruitment drive.

    • 23 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
  • GC BondMarker results: EFSF recovers at long end

    The GC BondMarker scores for last week's benchmarks have been counted and market participants have deemed the European Financial Stability Facility's return to the long end a success.

    • 12 Apr 2017
  • IADB USD3.75bn 1.625% May 20

    • 06 Apr 2017
  • Red hot dollar market snaps up SSAs

    The dollar market was on spectacular form on Wednesday, with a Canadian province pushing out a rare 10 year bond, a supranational smashing its size record and a $4bn five year from a German agency.

    • 05 Apr 2017
  • SSAs cram into Wednesday window

    Public sector borrowers are lining up a three pronged attack on Wednesday in a dollar market that is enjoying its widest swap spreads of the year. Quebec is attempting the first 10 year dollar benchmark since the first week of the year, KfW is out in fives — a part of the curve that has also become attractive in euros — and the Inter-American Development Bank is coming at the short end.

    • 04 Apr 2017
  • IADB USD3bn 2.125% Jan 22

    • 12 Jan 2017

Dealer League Table IADB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2017
1 Citi 2,046.71 6 16.37%
2 Deutsche Bank 1,417.66 6 11.34%
3 Nomura 1,332.43 6 10.66%
4 Bank of America Merrill Lynch 1,163.65 5 9.31%
5 RBC Capital Markets 1,038.58 2 8.31%

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%