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GC Asia
ADB matches OeKB’s spread with five year dollar
The Asian Development Bank took advantage of strong investor appetite in the dollar bond market on Wednesday to make a deal that matched the spread Oesterreichische Kontrollbank paid on a five year dollar issue on Tuesday.
Lead managers Bank of America, Citigroup, HSBC and Morgan Stanley circulated initial price thoughts of 6bp area over mid-swaps on Tuesday for ADB’s new five year (February 2026) global dollar benchmark.
They opened the books at the same level on Wednesday morning with over $3.85bn of indications of interest. ...Already a subscriber? Login
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Latest news from SSA
-
UK picks banks for first syndication of 2021/22 financial year
16 Apr 2021 -
IADB USD4.25bn 0.875% Apr 26
16 Apr 2021 -
Land NRW USD1.75bn 1% Apr 26
16 Apr 2021 -
No such thing as a temporary safe asset
15 Apr 2021 -
Spain EUR6bn 0.85% Jul 37
15 Apr 2021
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