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Deal will bring fourth major multilateral development bank to the market
Century bonds might be smart funding for an issuer but they are also a signalling tool that tell us about investor desire, confidence and changing market cycles
◆ Other options on table but issuer opts for two taps ◆ ‘Huge books’ now a norm for the issuer, clear NIP this time ◆ EU’s curve evolves to resemble that of EGB peers
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Hong Kong dollar issuance stays hot, while Middle East names add to a steady run in private placements
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◆ Deal draws substantial order book ◆ LCR categorisation a pull for investors ◆ Sustainable label draws 'prestigious names'
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Auction platform aims to make primary issuance more efficient
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◆ Recent EU syndication provided encouragement ◆ Greenium debated ◆ ESG investors bolster orders
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◆ Big order book achieved ◆ Coupon set to land north of 4% ◆ Attractive pickup over swaps
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Banks must be careful not to throw out their babies with the bathwater as AI floods the business
Sub-sections
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
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