Supra taps find heavy flow in MTNs

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By Craig McGlashan
08 Nov 2018

Supranationals found heavy demand from investors for privately placed taps of outstanding dollar and euro notes over the past week, with Asian Development Bank printing particularly heavy volumes.

Asian Development Bank tapped a pair of floating rate notes, each for $50m, through Morgan Stanley on Tuesday. A March 2021 with a coupon of three month dollar Libor plus 5bp grew to $1.2bn, while a December 2021 paying 1bp over the same rate grew to $1.8bn. ...

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