AFD snags €1.5bn, but market slowing
Agence Française de Développement raised €1.5bn on Wednesday with a 10 year Reg S benchmark. While the deal was fully subscribed, pricing was not tightened from guidance, indicating that the frothy moves of the last three weeks may be slowing.
The final book was over €1.7bn, of which €65m came from joint lead managers.“Versus the secondary ...
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