ADB and Ontario take dollars ahead of Asian hols

By Burhan Khadbai, Lewis McLellan
29 Sep 2020

Asian Development Bank and the Province of Ontario hit the dollar market on Tuesday, with both issuers tapping the tricky 10 year part of the curve ahead of the start of public holidays in Asia this week which will put a pause on issuance in the currency.

ADB’s leads, BNP Paribas, Nomura, RBC Capital Markets and TD Securities, circulated initial price thoughts of 7bp area over mid-swaps for the three year and 20bp area over mid-swaps for the 10 year.

Books were opened on Tuesday morning with guidance unchanged and ...

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