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Smaller orders, missing hedge fund bids as market exits ‘white-hot’ phase and soon to switch to holiday mode
◆ Japanese agency squeezes out concession on $1.5bn 10 year ◆ Zero new issue concession ◆ Flat curve, longer duration
Head of funding Jochen Schader says strong promotional lending has pushed the 2026 target above €15bn, as the agency caps its dollar programme before the summer
Issuer leaves more NIP than earlier this year, as order sizes shrink after busy May and June
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Multilateral development banks embark on learning curve of ‘extremely useful and powerful’ instrument -
New asset class firmly established as AfDB achieves the investor base and pricing it wanted, says treasurer
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The ready and the willing should ride the African Development Bank’s wave while they can
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Confidence of rate cuts to come as issuers keep printing
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German agency will tackle upper end of €11bn-€13bn funding range this year
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Joint Lander #64 and Eurofima take euros while EBRD goes for sterling
