DBJ snags dollar three year with sharp tightening

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By Lewis McLellan
25 Feb 2021

Development Bank of Japan became the second SSA borrower of the week to sell a dollar benchmark in the supplied three year tenor, tightening pricing by 5bp on the sustainability bond.

DBJ selected Barclays, Citi, Mizuho and Morgan Stanley to run the books for an April 2024 bond with 144A/Reg S documentation.

The leads offered initial price thoughts of 19bp area over mid-swaps. Indications of interest were over $2.2bn, allowing the leads to open with price guidance of 16bp ...

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