AIIB and NDB prep dollar bonds for Covid response

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By Burhan Khadbai
21 Sep 2020

Following investor calls last week, the Asian Infrastructure Investment Bank and the New Development Bank hit screens on Monday to announce new dollar benchmark transactions, which will be used to support their member states in the fight against the coronavirus pandemic.

AIIB's leads, BNP Paribas, Citi, JP Morgan and Nomura, are taking indications of interest at initial price thoughts of mid-swaps plus 10bp area for a September 2023 global sustainable development bond dollar benchmark.

The leads are starting with a new issue premium of 2bp-3bp based ...

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