ADB trades on looming Aussie QE

Australia AS 575x375
By Lewis McLellan
28 Oct 2020

Asian Development Bank printed the largest SSA kangaroo benchmark of the year on Tuesday, taking advantage of a brief issuance window and capitalising on expectations of the start of quantitative easing in Australia.

ADB priced a $750m May 2026 deal on Tuesday, via Deutsche Bank, Nomura and TD Securities. The trade was priced to yield 0.505%, 19.8bp over the ACGB April 2026. A banker at one of the leads said this was flat to the issuer’s curve.

“The ...

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