Belgium returns to dollars as AIIB and NWB ready SRI bonds

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By Burhan Khadbai
19 May 2020

Belgium took advantage of more attractive funding conditions in dollars versus euros and strong demand at the 10 year point of the curve to sell its first dollar bond since 2017 on Tuesday. SSA supply in dollars will continue on Wednesday with the Asian Infrastructure Investment Bank and Nederlandse Waterschapsbank bringing socially responsible deals.

Leads Citi, Morgan Stanley, Nomura and Société Générale opened the books on Belgium’s May 2030 RegS/144A bond on Tuesday morning for an initial target size of $1bn and guidance of mid-swaps plus 37bp area - unchanged from initial price thoughts - with over $950m ...

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