Euro next: ADB’s debut shows way for peers
A swap spread deep in the depths failed to deter investors from diving into the Asian Development Bank’s (ADB) first ever euro benchmark on Tuesday, with the issuer able to tighten pricing and increase the April 2017 bond’s size to €1.5bn. ADB’s success should pave the way for other dollar funding supranationals to enter the euro market, said bankers.
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