African Development Bank AfDB
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Pricing, efficiency, governance and political considerations will shape new market
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New week, new challenge as war in the Middle East adds to uncertainty
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Supra to price two tranches as IDA mandates for sterling and Scandi issuer returns to dollars
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AfDB’s public deal will test pricing, World Bank shows shareholder support
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Development banks could issue hybrids up to a third of their equity
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First deal of up to $1bn will show way to achieve 100% equity credit
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Borrowers push out maturities, printing bigger size across conventional and labelled deals
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AfDB and NIB managed to find success in the primary market this week but other issuers chose to wait
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Last week's EBRD deal helped provide clarity on development bank's levels
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Issuers are expected to price deals before inflation data and jobs reports, and the Fed’s next meeting
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Volatile debt markets continue to punish SSA issuers across the spectrum
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End of week looking choppy as inflation tipped to hit new records