IADB in the news

  • Supras and agencies notch big wins despite unrest

    The public sector debt market has had a superb start to 2020, breaking records right and left in defiance of geopolitical tensions that, in previous years, would have scuppered the market as it left the dock, writes Lewis McLellan.

    • 09 Jan 2020
  • EIB and IADB make sterling start to 2020

    The European Investment Bank and the Inter-American Development Bank amassed strong demand from investors to kick off their funding programmes for the year on Friday, with the former receiving the biggest ever order book in the sterling supranational and agency bond market, according to the leads.

    • 03 Jan 2020
  • Niche currencies offer alluring alternative for SSAs

    For public sector issuers, niche currency deals have offered attractive opportunities for arbitrage funding, with spreads into euros and dollars spurring on demand this year. Meanwhile, strong investor appetite for green paper has seen niche shoots blossom throughout 2019. Frank Jackman reports

    • 13 Dec 2019
  • MDBs face being trapped between nationalist pressures and global crises

    Multilateral development banks must avoid becoming squeezed between ever-growing demands to deal with global threats such as climate change and the rise of nationalism among their member states keen to use these institutions for wider political agendas

    • 19 Oct 2019
  • Funding scorecard: supranationals

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

    • 18 Oct 2019
  • UK pension funds spur supras to sell sterling green

    The sterling SSA green bond market is going from strength to strength, buoyed by new legislation requiring pension funds to disclose their environmental, social and governance strategies.

    • 10 Oct 2019
  • IADB and Land NRW get small sizes in sterling

    The Inter-American Development Bank and the State of North Rhine-Westphalia only managed to raise small sizes in the sterling market on Tuesday, with the leads on the latter declining to comment on whether the deal was fully subscribed.

    • 08 Oct 2019
  • IADB picks sterling sustainable development bond debut

    The torrent of ESG supply shows no sign of slowing. Inter-American Development Bank’s debut sustainable development bond is set to come to market on Tuesday in sterling, alongside a sustainability bond from Bank Nederlandse Gemeenten.

    • 07 Oct 2019
  • IADB USD600m FRN Sep 22

    • 12 Sep 2019
  • Trio of SSAs bask in three year dollars

    There were no problems with competing supply as a trio of public sector borrowers enjoyed strong demand for dollar bonds this week, despite all three having the same maturity.

    • 12 Sep 2019
  • KfW extends green bond curve with an ‘outstanding success’

    KfW won huge praise from on-looking bankers for a curve extending and rare 10 year dollar green bond on Tuesday. The Inter-American Development Bank (IADB) and Österreichische Kontrollbank (OeKB) also enjoyed success in the dollar primary market with three year trades, with the former selling its debut Sofr-linked floating rate note.

    • 10 Sep 2019
  • KfW to stretch dollar green curve, IADB out with debut Sofr FRN

    KfW mandated banks for its longest ever dollar green bond on Monday, while the Inter-American Development Bank is taking indications of interest for its inaugural Sofr-linked floating rate note.

    • 09 Sep 2019
  • SSAs open long end Kanga taps

    A trio of European agencies and a supranational all priced taps at the long end of the Kangaroo curve last week, with tenures ranging from nine to 12 years. Yields on these notes have fallen compared to previous taps, as the Kangaroo market feels the effects of the global bond rally.

    • 27 Aug 2019
  • IADB and IFC tap busy Kauri market

    Following last Friday’s Asian Development Bank Kiwi dollar deal, the Inter-American Development Bank and International Finance Corporation both came to the Kauri market on Tuesday to tap a pair of mid-curve notes. With demand for mid-curve Kauri products high, bankers expect more issuers to follow as funding remains attractive for dollar-based borrowers.

    • 20 Aug 2019
  • Supranationals pile into Kauri market

    The Asian Development Bank returned to the Kiwi dollar market to print its largest Kauri deal since January 2018 this week. With the Inter-American Development Bank and International Finance Corporation set to follow with a pair of taps in the coming days, bankers are expecting a busy few weeks in the market as investors react to the recent surprise interest rate cut from the Reserve Bank of New Zealand.

    • 19 Aug 2019
  • Renten and IADB tap dollars in Fed fixated market

    Rentenbank and Inter-American Development Bank hit the market for small taps of existing dollar debt on Tuesday, though some investors’ attentions are focused on this week’s US Federal Reserve meeting.

    • 30 Jul 2019
  • Renten and IADB slip in ahead of Fed cut

    Rentenbank and Inter-American Development Bank hit the market for small taps of existing dollar debt on Tuesday, dipping into the market before the US Federal Reserve cut rates for the first time since the financial crisis.

    • 29 Jul 2019
  • Funding scorecard: supranationals

    This week’s funding scorecard looks at the progress supranationals have made in their funding programmes towards the end of July

    • 26 Jul 2019
  • IADB USD1bn 1.875% Jul 21, USD1.5bn 2% Jul 26

    • 18 Jul 2019
  • Dollar investors offer mixed receptions to SSA trio

    SSA names found the going varied in dollars on Tuesday, with the Inter-American Development Bank only just covering the minimum size of its tightly priced short end trade while Land NRW and L-Bank saw chunkier demand.

    • 16 Jul 2019

Dealer League Table IADB

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BofA Securities 0.97 2 26.53%
2 TD Securities Inc 0.75 1 20.41%
2 Citi 0.75 1 20.41%
2 BMO Capital Markets 0.75 1 20.41%
5 Nomura 0.22 1 6.12%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4.50 6 12.56%
2 Citi 4.15 4 11.60%
3 HSBC 3.01 4 8.41%
4 BNP Paribas 2.90 4 8.09%
5 Credit Agricole CIB 2.59 2 7.23%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 8.08 12 21.12%
2 BMO Capital Markets 3.66 4 9.57%
3 TD Securities Inc 3.55 4 9.27%
4 Goldman Sachs 3.13 6 8.18%
5 Barclays 2.76 4 7.20%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6.96 8 9.24%
2 BofA Securities 6.24 12 8.28%
3 Barclays 5.58 8 7.41%
4 UniCredit 5.40 13 7.17%
5 BNP Paribas 5.23 8 6.94%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 14.01 19 10.85%
2 JPMorgan 9.21 15 7.13%
3 Barclays 9.02 15 6.99%
4 BofA Securities 8.60 18 6.66%
5 Goldman Sachs 7.80 14 6.04%