AfDB reopens quiet five year dollar mart

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AfDB reopens quiet five year dollar mart

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C2867B Dollar, dollars, money, American banknotes. Image shot 04/2011. Exact date unknown. | Alamy Stock Photo

African Development Bank hit the market with a five year benchmark on Tuesday — the first sizable deal at the tenor since early February. The deal set records for an AfDB five year, the largest ever size, the largest order book and pricing with its tightest spread to mid-swaps.

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