ADB steams into record-setting dim sum mart

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By Frank Jackman
28 Apr 2021

The Asian Development dropped into the dim sum market on Wednesday to sell the first note from an SSA issuer in almost three weeks. Despite the recent absence of SSA names, the asset class is on pace for a record year.

The supranational reopened its 2.375% April 2023 dim sum note for Rmb100m ($15.4m) on Wednesday to take the amount outstanding to Rmb200m. Morgan Stanley ran the trade. The tap price was not disclosed.

The European Investment Bank was the last SSA to access the market, according to ...

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