Issuers and syndicate desks were split over whether the African Development Bank’s inaugural Norwegian krone bond — the first ever social bond in the Norwegian market — could pave the way for further social issuance in the sector.
“It looks like it is a good trade, but the AfDB didn’t state if the book was oversubscribed,” said a Scandinavia based head of SSA origination. “Whether the Nokkie social market is going to be something remains to be seen. I am not sure how deep this market
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