AIIB goes big with SDB
The Asian Infrastructure Investment Bank grabbed $3bn of five year paper on Wednesday, selling its first sustainable development bond. It was joined in the market by a 10 year dollar trade from Nederlandse Waterschapsbank.
AIIB hit screens on Tuesday with initial price thoughts of mid-swaps plus 24bp area. BMO Capital Markets, Citi, Crédit Agricole, HSBC and ICBC ran the books. Books opened on Wednesday morning with guidance unchanged and $2.3bn of indications of interest.The book grew ...
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