ADB and OeKB line up after Dexia lands five year sterling

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By Lewis McLellan
25 Jan 2021

Dexia Crédit Local raised £750m with a December 2026 bond on Monday, gathering a generously oversubscribed order book and pulling in the spread during execution, promising a strong reception for Asian Development Bank on Tuesday. OeKB will come to market with a dollar five year.

ADB has picked Barclays, Citi and TD Securities to run the books for a December 2026 global benchmark. The spread was set at announcement. The deal will offer 23bp over the 1.5% July 2026 trade.

Dexia opened books on Monday morning with price guidance of ...

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