AfDB and AFD hit off-key note in SSA deal spree

Sovereign, supranational and agency issuers rushed to get deals done in the short window after last week’s Federal Reserve Open Markets Committee meeting and the German election at the weekend and ahead of holidays in Asia next week. Most dollar issuers got deals away without a hitch, but a five year for African Development Bank (AfDB) fell shy of full of subscription while a three year from Agence Française de Developpement (AFD) got over the line, but at a wider level than the initial price thoughts.