AfDB adds to dollar supply as investors seek juicy premia

The African Development Bank (AfDB) is set to continue a busy week of dollar issuance on Wednesday, when it plans to sell five year bonds. Dollar investors have been looking for attractive concessions despite the Federal Reserve’s decision not to slow its asset purchasing programme last week, though bankers on the AfDB deal used the success of a five year bond from Finland to push pricing in 1bp from their original target.