SSAs fund in Kangas before market quiets down

By Silas Brown
06 Jul 2017

The Inter-American Development Bank (IADB) raised A$100m ($76.1m) on Tuesday by tapping its June 2026 Australian dollar bonds. It was joined later in the week by Nederlandse Waterschapsbank (NWB), the International Finance Corporation (IFC) and the European Investment Bank, which launched a tap that is expected to be priced on Friday.

Sole lead Deutsche Bank marketed IADB's deal at 44bp over mid-swaps on Monday morning, Sydney time.

The 4.25% June 2026 bonds were priced at 44bp over mid-swaps on Tuesday, equivalent to 53.5bp over the Australian government curve, to yield 3.0775%. 

IADB's requirements to reopen a deal are fairly low, ...

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