TDB targets tap of five year dollar line

Africa_230
By Lewis McLellan
11 Jul 2019

The Eastern and Southern African Trade and Development Bank hit screens on Thursday, announcing a tap of its May 2024 benchmark.

The leads — Citi, MUFG and Standard Chartered — gave initial price thoughts of 102. The book reached $400m, at which point the leads revised guidance to 102.5 and said that the tap size would be up to $250m.

TDB opened the line in

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