AfDB sells first green Sofr floater, EIB to extend curve

The African Development Bank issued the first green bond linked to the Secured Overnight Financing Rate (Sofr) on Tuesday. The European Investment Bank will look to extend the Sofr floating rate note curve on Wednesday with an October 2021 issue that will use a different coupon formula to the previous Sofr trades.

  • By Burhan Khadbai
  • 27 Nov 2018

Leads Bank of America Merrill Lynch, Crédit Agricole, JP Morgan, TD Securities and Wells Fargo priced a $100m November 2020 green global FRN for AfDB with a spread of 32bp over Sofr, unchanged from initial price thoughts.

EIB will add to the Sofr ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,313.87 13 13.76%
2 Citi 8,199.37 11 9.98%
3 HSBC 7,509.50 7 9.14%
4 BNP Paribas 7,165.31 9 8.72%
5 Credit Agricole CIB 6,754.94 7 8.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 12,937.38 26 14.46%
2 JPMorgan 9,485.94 18 10.61%
3 Barclays 8,129.36 15 9.09%
4 HSBC 7,258.33 12 8.11%
5 RBC Capital Markets 5,880.23 9 6.57%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,561.05 26 11.11%
2 Credit Agricole CIB 14,775.81 20 9.35%
3 HSBC 13,041.21 24 8.25%
4 Goldman Sachs 11,997.35 14 7.59%
5 SG Corporate & Investment Banking 10,788.22 13 6.83%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,944.56 81 9.01%
2 HSBC 24,369.60 62 7.59%
3 Citi 24,005.11 57 7.47%
4 Barclays 23,059.11 55 7.18%
5 Goldman Sachs 17,532.07 28 5.46%