BOAD goes long and tight

tight pricing
By Mariam Meskin
16 Oct 2019

Banque Ouest Africaine de Développement (BOAD) was able to tighten pricing beyond guidance on a 12 year bond, one of its longest dated issues, this week.

The deal, which was priced on Tuesday, closed at $830m according to a lead on the deal and achieved a coupon of 4.7%. Initial pricing guidance was 5% area.

BNP Paribas, JP Morgan, Natixis and Standard Chartered Bank arranged the RegS/144A senior unsecured bond.

The issuer, rated Baa1 by Moody's ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.