African Development Bank AfDB
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Deal was among MDB bonds warmly welcomed by investors this week -
◆ First MDB in fixed rate dollars since February ◆ ‘Someone has to’ reopen the market ◆ Investors in ‘wait-and-see’ on US’ involvement in MDBs
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West African development bank has sold two private hybrid bonds and is planning a public deal
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Largest ever book in the currency for the issuer, which priced well inside secondary levels
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New asset class firmly established as AfDB achieves the investor base and pricing it wanted, says treasurer
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Banque Ouest-Africaine de Développement's deal in December will be followed by more this year
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The ready and the willing should ride the African Development Bank’s wave while they can
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The multilateral lender is set to take $750m from a new type of product for SSAs
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EIB to test 15 year demand as agencies eye euros and dollars
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EBRD and BNG are both met with unprecedented demand
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Issuer keeps an open mind but there is unlikely to be a ‘huge chance’ of the hybrid deal being done this year
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AfDB and Kommuninvest stay in the three to five year part of the curve
