Supranationals in short-dated funding spree

By Tessa Wilkie
07 Aug 2014

A pair of supranationals enjoyed strong liquidity at the short end of the curve. The Asian Development Bank priced a long two year early in the week, days after the World Bank printed a similar maturity with both deals attracting enough demand to be increased from the minimum target size.

Bank of America Merrill Lynch and Goldman Sachs set pricing on a $1.25bn long two year global for the ADB at mid-swaps minus 8bp, having collected orders over $1.3bn. The minus 8bp level is 1bp back of the World Bank, which priced a $1.75bn December 2016 at mid-swaps ...

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