African Development Bank AfDB
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New asset class firmly established as AfDB achieves the investor base and pricing it wanted, says treasurer
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Banque Ouest-Africaine de Développement's deal in December will be followed by more this year
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The ready and the willing should ride the African Development Bank’s wave while they can
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The multilateral lender is set to take $750m from a new type of product for SSAs
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EIB to test 15 year demand as agencies eye euros and dollars
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EBRD and BNG are both met with unprecedented demand
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Issuer keeps an open mind but there is unlikely to be a ‘huge chance’ of the hybrid deal being done this year
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AfDB and Kommuninvest stay in the three to five year part of the curve
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Public sector borrowers will slip into the market ahead of the US Thanksgiving holiday on Thursday
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'Large range' of investors interested in new asset class, says treasurer
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Pricing, efficiency, governance and political considerations will shape new market
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New week, new challenge as war in the Middle East adds to uncertainty
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Supra to price two tranches as IDA mandates for sterling and Scandi issuer returns to dollars
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AfDB’s public deal will test pricing, World Bank shows shareholder support
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Development banks could issue hybrids up to a third of their equity
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First deal of up to $1bn will show way to achieve 100% equity credit
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Borrowers push out maturities, printing bigger size across conventional and labelled deals
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AfDB and NIB managed to find success in the primary market this week but other issuers chose to wait
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Last week's EBRD deal helped provide clarity on development bank's levels
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Issuers are expected to price deals before inflation data and jobs reports, and the Fed’s next meeting
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Volatile debt markets continue to punish SSA issuers across the spectrum
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End of week looking choppy as inflation tipped to hit new records
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Hopes that trade could encourage other ECB ineligible issuers to come
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Market looks to defensive structures as it digests ECB announcement
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid yields from the close of business on Tuesday, July 27. The source for secondary trading levels is ICE Data Services
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of busiess on Monday, July 19. The source for secondary trading levels is ICE Data Services
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Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.
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African Development Bank and New Development Bank received ample demand in the primary dollar public sector bond market on Thursday, allowing the supranational borrowers to print chunky deals.
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African Development Bank and New Development Bank will add to the week’s dollar SSA bond supply on Thursday. The lack of issuance in the currency in June is helping to boost sentiment in the market despite a rocky rates backdrop.
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This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the end of June.
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The African Development Bank sold its first kangaroo bond in social format on Tuesday as supply of ESG-labelled bonds in niche currencies by public sector borrowers gathers pace.
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A consortium of international lenders is funding the development of Egypt’s largest solar plant.
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Norwegian krone SSA supply is outpacing Swedish kronor so far this year, driven in part by a demand for zero risk weighted assets in the market. Among the latest names to access the Norwegian market is the African Development Bank, which sold a new social bond as part of a dual-currency issue.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Tuesday, March 23. The source for secondary trading levels is ICE Data Services.