IADB and Land NRW get small sizes in sterling

By Burhan Khadbai
08 Oct 2019

The Inter-American Development Bank and the State of North Rhine-Westphalia only managed to raise small sizes in the sterling market on Tuesday, with the leads on the latter declining to comment on whether the deal was fully subscribed.

IADB raised £275m with its debut sustainable development bond via Citi, JP Morgan and NatWest Markets. The September 2026 trade was priced with a spread of 43bp over the July 2026 Gilt, unchanged from initial price thoughts.

A head of SSA syndicate said that the deal ...

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