AfDB offers ‘fair price’ with social bond

The African Development Bank is sounding investors for its second ever social bond with an initial price thoughts level that bankers away from the deal felt was “fair”.

  • By Craig McGlashan
  • 15 May 2018

Leads Crédit Agricole, Goldman Sachs, Natixis and Société Générale on Tuesday circulated price thoughts of 6bp area through mid-swaps for the euro-denominated May 2028 global.

“AfDB has done a very good job over the last couple of years in accessing the euro market ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,908.33 80 12.12%
2 JPMorgan 23,640.34 56 9.27%
3 HSBC 23,014.61 52 9.02%
4 Bank of America Merrill Lynch 19,800.14 58 7.76%
5 Deutsche Bank 19,121.36 29 7.50%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,037.51 66 7.97%
2 Barclays 25,435.97 46 7.49%
3 UniCredit 25,297.29 63 7.45%
4 HSBC 23,482.89 81 6.92%
5 BNP Paribas 21,831.53 43 6.43%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,631.02 334 7.01%
2 Citi 58,224.47 214 6.84%
3 HSBC 56,064.57 206 6.59%
4 Barclays 47,771.87 173 5.61%
5 Deutsche Bank 43,435.76 128 5.10%