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 ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,293.97 23 9.68%
2 Barclays 15,041.98 19 9.52%
3 Citi 12,831.69 22 8.12%
4 HSBC 11,347.34 16 7.18%
5 BNP Paribas 9,566.00 13 6.05%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 38,458.62 103 12.19%
2 JPMorgan 28,322.17 76 8.97%
3 HSBC 26,160.46 65 8.29%
4 Bank of America Merrill Lynch 25,855.13 74 8.19%
5 Goldman Sachs 21,942.20 50 6.95%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 34,785.31 89 8.33%
2 Barclays 31,331.38 59 7.50%
3 UniCredit 30,652.04 80 7.34%
4 HSBC 28,482.56 104 6.82%
5 BNP Paribas 26,256.57 63 6.29%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 75,189.63 423 7.08%
2 Citi 71,343.62 261 6.72%
3 HSBC 65,680.62 258 6.18%
4 Barclays 57,933.89 215 5.45%
5 Deutsche Bank 48,544.86 152 4.57%