ADB in the news

  • Funding scorecard: supranationals

    This week’s funding scorecard looks at the progress supranationals have made in their funding programmes during a first quarter wracked by volatility.

    • 20 Mar 2020
  • MTN market a ‘tale of two cities’ in tumultuous week

    This week, it was the best of times, it was the worst of times – and despite volatility caused by the spread of the Covid-19, a trickle of MTN issuance has managed to slip through into the market.

    • 13 Mar 2020
  • Oil crash to affect niche MTN issuance

    The recent fall in the price of oil is having a knock-on effect on non-core currency issuance. While oil dependent markets could take a hit as their currencies weaken, some net importers could benefit from a stronger currency and safe haven flows.

    • 11 Mar 2020
  • Attractive cross-currency basis swap allows SSAs to fill Kanga pouch

    A window for Kangaroo issuance opened this week, as a positive move in the Australian dollar/euro basis swap helped rouse a slumbering market that had not seen a deal for a fortnight. In spite of unstable conditions, SSAs entered the market on Monday and Tuesday, with a trio of regular borrowers tapping six lines for a combined A$575m ($364m).

    • 10 Mar 2020
  • MTN volumes flag but non-core soars

    MTN deal volumes year-to-date have slumped by nearly a third year on year, falling from $51.6bn in 2019 to $35bn this year. The fall has been particularly pronounced in core currency deals, with deals from other currencies forming a larger proportion of the market.

    • 26 Feb 2020
  • SSA secondary pricing update: Big fat Greek rally

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 3. The source for secondary trading levels is ICE Data Services.

    • 04 Feb 2020
  • ADB EUR1bn 0.025% Jan 30

    • 23 Jan 2020
  • Supra duo tap SRI Kangaroos

    Two supranationals hopped into the Kangaroo market with environmental, social governance (ESG) bond taps this week, in a move that is becoming increasingly popular. With a local holiday this weekend marking the end of antipodean summer, bankers expect Australian dollar issuance to restart in the next few weeks.

    • 23 Jan 2020
  • ADB gets 'punchy' price in 10 year euros

    The Asian Development Bank came in tight for a 10 year euro deal, pricing close to the level of World Bank's seven year sold earlier this month

    • 22 Jan 2020
  • NWB and Brandenburg take spotlight in euros as ADB lines up

    Nederlandse Waterschapsbank and the State of Brandenburg took advantage of a lack of euro SSA supply this week to bring well subscribed deals on Tuesday. The Asian Development Bank will be looking to follow with a 10 year euro benchmark on Wednesday.

    • 21 Jan 2020
  • ADB opens Kauri market for 2020

    Demand for the Asian Development Bank's new five year Kauri print — the first SSA deal in the market since August — soared on Wednesday, leading to the deal being increased twice during pricing. With several frequent issuers also circling the market, bankers expect more to follow.

    • 15 Jan 2020
  • Demand high for SSA dollar threes and 10s

    A pair of Asian SSA issuers joined a busy dollar market on Wednesday, bringing three and 10 year deals. Demand for three year dollar paper is high, with two more issuers set to join the fray on Thursday.

    • 15 Jan 2020
  • Tight dollar successes for KfW and Canada

    KfW and Canada both launched dollar benchmarks on Wednesday, bringing a pair of highly subscribed and tight deals. Following their success, two Asian SSA issuers prepare to join the busy dollar market.

    • 14 Jan 2020
  • ADB brings first Kauri bond of 2020

    The Asian Development Bank is “testing the market” with a new five year New Zealand dollar bond — the first Kauri deal of 2020 and the first from a SSA issuer since last August.

    • 14 Jan 2020
  • General Mills raises dough

    US food group General Mills sold €200m of short dated notes on Wednesday, in its first sole-led deal since 2017.

    • 10 Jan 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the beginning of December, with some issuers also setting their funding targets for 2020.

    • 03 Dec 2019
  • Funding scorecard: supranationals

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

    • 18 Oct 2019
  • ADB EUR750m 0% Oct 29 green bond

    • 17 Oct 2019
  • ADB prices aggressively to extend euro green curve

    Asian Development Bank came tight to its curve as it printed its second euro green bond this week — and its largest — following its debut last year.

    • 17 Oct 2019
  • KfW offers rare positive yield while ADB prints biggest green in euros

    Investors pounced on the opportunity to buy a bond with a positive yield in the euro market by KfW on Tuesday. Elsewhere, the Asian Development Bank drew strong demand to sell its biggest ever green bond in euros following its debut in 2018.

    • 15 Oct 2019

Dealer League Table ADB

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 0.60 2 18.34%
2 TD Securities Inc 0.60 1 18.29%
2 Goldman Sachs 0.60 1 18.29%
2 Citi 0.60 1 18.29%
2 BofA Securities 0.60 1 18.29%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13.99 19 12.94%
2 BofA Securities 8.12 30 7.52%
3 SG Corporate & Investment Banking 7.84 8 7.25%
4 Citi 7.75 10 7.17%
5 Goldman Sachs 7.52 12 6.96%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 13.52 26 12.74%
2 JPMorgan 9.96 18 9.38%
3 BofA Securities 7.57 23 7.13%
4 TD Securities Inc 7.45 16 7.03%
5 BMO Capital Markets 7.21 14 6.79%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 23.92 38 11.01%
2 UniCredit 17.54 37 8.08%
3 HSBC 16.71 44 7.70%
4 BofA Securities 15.01 44 6.91%
5 BNP Paribas 13.24 25 6.09%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37.69 106 9.05%
2 HSBC 27.79 88 6.67%
3 Citi 26.12 62 6.27%
4 BofA Securities 24.93 84 5.99%
5 Goldman Sachs 21.27 42 5.11%