AIIB and NDB brave vol for strong results in dollars

Coronavirus_AdobeStock_575x375_05April2020
By Burhan Khadbai
22 Sep 2020

The Asian Infrastructure Investment Bank and the New Development Bank made a big splash in the dollar market on Tuesday, despite facing worse volatility than expected as fears over the coronavirus pandemic grew.

AIIB’s leads, BNP Paribas, Citi, JP Morgan and Nomura, were quick to avoid any uncertainty on the pricing of the supranational’s new September 2023 Global sustainable development bond by setting the spread at mid-swaps plus 9bp, 1bp inside initial price thoughts, as soon as ...

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