AfDB prices A$150m tap in bite-sized Kanga market
The African Development Bank (AfDB) priced a A$150m ($150.3m) tap of its 5.25% 2022s on Monday – the second deal of this size in 10 days after Eurofima issued a similar transaction last week. With concerns regarding the Eurozone looming over the Australian dollar sector and market fundamentals not favouring large new issues, bankers expect smaller transactions to dominate supply in the short term.
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