ADB in the news

  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the start of July.

    • 08 Jul 2020
  • KfW smashes dollar return with over $15bn of demand

    Investors piled into KfW’s first dollar benchmark in six months on Tuesday, allowing the issuer to break the order book record for SSA dollar benchmarks.

    • 07 Jul 2020
  • KfW set to make long-awaited return to dollars

    KfW mandated banks on Monday for a highly anticipated return to the dollar market following its previous benchmark in the currency back in January. The German agency will be joined in dollars by the Asian Development Bank, which is preparing a three year trade.

    • 06 Jul 2020
  • ADB debuts Mongolian togrog bond

    The Asian Development Bank sold the first ever Mongolian togrog denominated bond this week, funding a local dairy farm project in the country.

    • 04 Jun 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes as we reach the end of May and enter June.

    • 01 Jun 2020
  • Kangaroo volumes on the rise

    A quartet of SSAs borrowed a combined A$940m ($613.4m) into the Kangaroo market this week, spurring the SSA Aussie dollar market on to its best monthly volume in over nine months.

    • 22 May 2020
  • Funding scorecard: supranationals

    This week's funding scorecard looks at the progress supranationals have made in their funding programmes as we approach the end of April.

    • 27 Apr 2020
  • ADB visits Canada for Covid-19 response

    The Asian Development Bank has become the first public sector issuer to tap the Canadian dollar market to fund its coronavirus response. In the days since the deal was placed, the value of the Canadian dollar has mirrored the rapid decline in the price of oil, which some bankers fear could put off future non-domestic issuers visiting the market.

    • 23 Apr 2020
  • AFD readies dollar bond response to coronavirus

    Agence Française de Développement (AFD) will tap the dollar market this week to become the latest public sector borrower to print a bond in response to the coronavirus pandemic.

    • 20 Apr 2020
  • ADB jumbo deal shows dollar market is back

    The dollar market had looked sluggish, particularly in comparison to the volumes churned out in euros, but Tuesday's $4.5bn two year from Asian Development Bank indicates the market is back in working order.

    • 31 Mar 2020
  • IADB’s funding needs only marginally up despite $12bn coronavirus response package

    The Inter-American Development Bank has added slightly to its 2020 funding programme following the announcement of a substantial lending package in response to the Covid-19 crisis.

    • 31 Mar 2020
  • Funding scorecard: supranationals

    This week’s funding scorecard looks at the progress supranationals have made in their funding programmes during a first quarter wracked by volatility.

    • 20 Mar 2020
  • MTN market a ‘tale of two cities’ in tumultuous week

    This week, it was the best of times, it was the worst of times – and despite volatility caused by the spread of the Covid-19, a trickle of MTN issuance has managed to slip through into the market.

    • 13 Mar 2020
  • Oil crash to affect niche MTN issuance

    The recent fall in the price of oil is having a knock-on effect on non-core currency issuance. While oil dependent markets could take a hit as their currencies weaken, some net importers could benefit from a stronger currency and safe haven flows.

    • 11 Mar 2020
  • Attractive cross-currency basis swap allows SSAs to fill Kanga pouch

    A window for Kangaroo issuance opened this week, as a positive move in the Australian dollar/euro basis swap helped rouse a slumbering market that had not seen a deal for a fortnight. In spite of unstable conditions, SSAs entered the market on Monday and Tuesday, with a trio of regular borrowers tapping six lines for a combined A$575m ($364m).

    • 10 Mar 2020
  • MTN volumes flag but non-core soars

    MTN deal volumes year-to-date have slumped by nearly a third year on year, falling from $51.6bn in 2019 to $35bn this year. The fall has been particularly pronounced in core currency deals, with deals from other currencies forming a larger proportion of the market.

    • 26 Feb 2020
  • SSA secondary pricing update: Big fat Greek rally

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 3. The source for secondary trading levels is ICE Data Services.

    • 04 Feb 2020
  • ADB EUR1bn 0.025% Jan 30

    • 23 Jan 2020
  • Supra duo tap SRI Kangaroos

    Two supranationals hopped into the Kangaroo market with environmental, social governance (ESG) bond taps this week, in a move that is becoming increasingly popular. With a local holiday this weekend marking the end of antipodean summer, bankers expect Australian dollar issuance to restart in the next few weeks.

    • 23 Jan 2020
  • ADB gets 'punchy' price in 10 year euros

    The Asian Development Bank came in tight for a 10 year euro deal, pricing close to the level of World Bank's seven year sold earlier this month

    • 22 Jan 2020

Dealer League Table ADB

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 1.05 2 21.31%
2 Credit Agricole CIB 0.61 7 12.36%
3 TD Securities Inc 0.60 1 12.18%
3 Goldman Sachs 0.60 1 12.18%
3 Citi 0.60 1 12.18%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 32.03 34 9.63%
2 JPMorgan 31.66 47 9.51%
3 Citi 23.55 33 7.08%
4 HSBC 21.38 26 6.43%
5 BofA Securities 20.71 55 6.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 34.88 81 10.79%
2 JPMorgan 28.01 56 8.67%
3 HSBC 25.01 63 7.74%
4 Goldman Sachs 24.75 41 7.66%
5 BofA Securities 23.53 56 7.28%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 48.97 100 8.85%
2 BNP Paribas 46.33 78 8.37%
3 HSBC 40.46 102 7.31%
4 UniCredit 36.62 80 6.62%
5 Credit Agricole CIB 32.77 72 5.92%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 85.63 248 7.26%
2 Citi 76.99 174 6.52%
3 HSBC 75.53 211 6.40%
4 BofA Securities 61.37 183 5.20%
5 BNP Paribas 59.20 125 5.02%