Asian Development Bank ADB
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◆ Record books from top tier issuers ◆ Investors attracted by different tenors ◆ Heavy competition in five years expected next day -
◆ Joint largest size from non-UK public sector issuer ◆ ADB also raised £1bn ◆ Cross currency basis allows for sterling concession
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In euros, KfW and Belgium will test new year clearing levels
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Conditions ripe for further issuance but investor presence in doubt
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SSA issuers find investors receptive as summer pushes on
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Other SSA peers held back as market turned volatile
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Green format helps multilateral lender eschew new issue premium
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‘Rising Star’ originator returns to the funding side
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€1bn deal comes very tight to KfW and Germany
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Bank of England, KommuneKredit and Agence Française de Développement also price deals
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EIB book ‘set to be an all-time record’ for an SSA issuer in the currency
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German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn
