ADB in the news

  • ADB USD3.25bn 2.75% Mar 23

    • 15 Mar 2018
  • SSAs rush in where others fear to tread

    The widening of the dollar Libor/Overnight Indexed Swap (OIS) spread may be one of the biggest talking points in bond markets but it is wrenching open funding opportunities for public sector borrowers. The accompanying widening in dollar swap spreads led two issuers to break new issue records, writes Craig McGlashan.

    • 15 Mar 2018
  • AfDB up next as investors pour into dollar books

    Public sector borrowers found buckets of dollar demand on Tuesday, as a French agency sold its largest ever benchmark in the currency and a supranational printed a trade at the upper end of its historical size range. Another supra is lined up to test whether that demand will hold on Wednesday.

    • 13 Mar 2018
  • SSAs go short in dollars as swap spreads widen

    A pair of public sector borrowers are bringing short end dollar benchmarks as ever widening swap spreads support trades at that part of the curve.

    • 12 Mar 2018
  • ADB USD3.75bn 2.125% Jan 21, ADB USD1.5bn 2.75% Jan 28

    • 11 Jan 2018
  • SSAs spoiled for choice as multiple currencies open up

    Public sector borrowers are finding funding conditions beyond their wildest dreams, with not just last year’s staples of dollars, euros, sterling and Australian dollars on offer across the curve but the Canadian and New Zealand currencies coming into play too.

    • 11 Jan 2018
  • ADB, KfW bring full dollar curve as demand trumps politics

    Public sector issuers rounded out a superlative week for dollars with sparkling results across the curve on Thursday. Bankers are confident that issuers wishing to print in the coming weeks should find that investor demand outweighs any of the political concerns that brought volatility to rates over the last few days.

    • 11 Jan 2018
  • IADB in another dollar high five as ADB prepares long end test

    The Inter-American Development Bank provided further proof on Wednesday that there is deep demand at the five year part of the dollar curve — but another supranational is stepping up to test the long end of the currency for the first time this year.

    • 10 Jan 2018
  • ADB’s Kauri more than doubles target

    The Asian Development Bank's minimum NZ$200m ($143.6m) five year Kauri bond has grown to NZ$500m, indicating strong demand in the mid-part of the New Zealand dollar curve.

    • 10 Jan 2018
  • ADB's Kauri nearly double minimum target

    Asian Development Bank's minimum NZ$200m ($143.6m) five year Kauri bond has grown to NZ$350m, with books still open until Tuesday.

    • 08 Jan 2018
  • Aussie dollar issuers hop into 2018

    It has been an active week for Australian dollars, with the Asian Development Bank and the Inter-American Development Bank both selling in the middle of the curve.

    • 04 Jan 2018
  • Active start for Aussie dollars

    Three issuers have been active in the Australian dollar market so far this week, including two borrowers targeting deals in socially responsible formats.

    • 02 Jan 2018
  • ADB launches first gender equality bond

    The Asian Development bank has issued its first bond to finance projects promoting women’s empowerment in Asia and the Pacific.

    • 27 Nov 2017
  • BondMarker: ESM's debut amid dollar frenzy

    Last week was a momentous one for dollar borrowing in the SSA market. The European Stability Mechanism made its long awaited debut in dollars, swiftly followed by a pair of rare 10 year transactions. Read on to see how the BondMarker voters rated the deals.

    • 02 Nov 2017
  • Jumbo dollars in sight for SSAs

    After several months without any long end dollar benchmark bonds from public sector issuers, two came along at once this week — bolstering confidence that conditions are right for a borrower to print in jumbo size in the tenor for the first time in more than two years.

    • 26 Oct 2017
  • ESM makes debut amid dollar rush

    The European Stability Mechanism (ESM) brought its long awaited inaugural dollar transaction to market on Tuesday during a period of feverish activity in a dollar market that is “going from strength to strength”, according to one SSA banker.

    • 24 Oct 2017
  • ADB to accelerate PPP plans to fill infra gap

    The head of the Asian Development Bank tells GlobalMarkets that speed is of the essence when it comes to injecting new investment into infrastructure projects that could boost growth and raise living standards

    • 14 Oct 2017
  • Multilaterals urged to speed up to stay relevant in crowded world

    In a series of interviews with GlobalMarkets, multilateral development chiefs set out their vision to become faster institutions that work with the private sector to deliver development finance more effectively

    • 14 Oct 2017
  • Supras bank dollars with flurry of MTNs

    The MTN market has produced a slew of dollar trades while the syndicated market was subdued by the midweek Federal Reserve meeting. Supranationals in particular have been able to pick up some sizeable dollar funding.

    • 21 Sep 2017
  • BondMarker results: the September rush

    Last week brought a slew of high quality deals, despite the ECB meeting on September 7 causing some issuers to hold off. Those that went ahead have been scored by the BondMarker voters. Read on to see how they did.

    • 14 Sep 2017

Dealer League Table ADB

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 TD Securities Inc 423.11 2 15.00%
2 Nomura 399.59 1 14.16%
2 Barclays 399.59 1 14.16%
2 Bank of America Merrill Lynch 399.59 1 14.16%
2 BMO Capital Markets 399.59 1 14.16%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 9,037.14 14 11.41%
2 JPMorgan 8,815.28 11 11.13%
3 Barclays 8,460.40 10 10.68%
4 NatWest Markets 5,400.28 4 6.82%
5 HSBC 5,128.43 7 6.48%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,268.02 38 12.57%
2 HSBC 15,111.64 30 10.40%
3 JPMorgan 13,565.35 31 9.33%
4 Bank of America Merrill Lynch 12,557.35 32 8.64%
5 Goldman Sachs 10,166.52 20 6.99%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 15,669.11 22 8.99%
2 JPMorgan 14,386.59 23 8.25%
3 Citi 12,722.25 33 7.30%
4 HSBC 11,675.81 35 6.70%
5 Credit Agricole CIB 10,811.51 20 6.20%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,710.57 105 8.45%
2 JPMorgan 34,032.57 140 8.05%
3 HSBC 30,784.62 97 7.29%
4 Barclays 26,432.94 62 6.26%
5 Bank of America Merrill Lynch 20,818.61 58 4.93%