ADB goes for double with dollars and green sterling

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By Lewis McLellan
10 Oct 2019

Asian Development Bank hit the market twice on Thursday, grabbing $3bn of five year paper and selling its debut green bond — a £250m seven year trade.

Bank of America, Citi, Daiwaand HSBCled the dollar global benchmark and offered guidance of mid-swaps plus 14bp area, in line with Wednesday’s initial price thoughts.

Indications of interest were over $1.9bn when books opened, but swiftly swelled to over $3bn. At $3.4bn, the spread was ...

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