AfDB to launch inaugural dollar global as first step to regular public issuance

The African Development Bank (AfDB) is poised to launch a $500m three year global bond, the supranational’s first issue in the global arena and its largest US dollar transaction since 1994. Market participants expect the issue to be launched and priced today (Friday). Mandated banks are BNP Paribas and Daiwa Securities SMBC Europe.

  • 19 Jul 2002
Unofficial spread guidance is 92bp-93bp over the two year Treasury, which would equate to around mid-swaps minus 7bp, a pick-up of some 8bp or 9bp over such credits as the EIB and some 5bp over US agencies. Arunma Oteh, treasurer of the AfDB, told EuroWeek that the issue ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 132,387.73 545 8.30%
2 Citi 123,981.47 487 7.78%
3 Bank of America Merrill Lynch 105,093.26 413 6.59%
4 Barclays 99,545.40 383 6.24%
5 HSBC 81,053.20 424 5.08%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 11,525.35 30 7.25%
2 BNP Paribas 8,422.96 46 5.30%
3 UniCredit 8,389.55 43 5.28%
4 Deutsche Bank 8,298.69 30 5.22%
5 Commerzbank Group 7,837.68 40 4.93%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 4,425.28 19 11.23%
2 Goldman Sachs 4,006.06 15 10.16%
3 Citi 3,527.84 22 8.95%
4 JPMorgan 2,809.08 19 7.13%
5 UBS 2,241.39 12 5.69%