Debut bond from CDFI draws heavy demand

An inaugural bond issuance from a community development financial institution (CDFI) was heavily bid by investors, with order books reaching 10 times the $100m on offer.

  • By Max Adams
  • 31 Jul 2019

The Low Income Investment Fund (LIIF) announced the completion of the debut on Wednesday. The offering was split into a $25m seven year and $75m 10 year bond. S&P Global Ratings assigned an A- rating to the deal.

Morgan Stanley acted as lead manager, with JP Morgan ...

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,178.58 51 6.06%
2 Bank of America Merrill Lynch 6,280.15 41 5.31%
3 BNP Paribas 6,166.19 40 5.21%
4 Credit Agricole CIB 6,008.20 38 5.08%
5 Citi 5,896.95 38 4.98%