African Development Bank AfDB
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First deal of up to $1bn will show way to achieve 100% equity credit -
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
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Hopes that trade could encourage other ECB ineligible issuers to come
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Market looks to defensive structures as it digests ECB announcement
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid yields from the close of business on Tuesday, July 27. The source for secondary trading levels is ICE Data Services
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of busiess on Monday, July 19. The source for secondary trading levels is ICE Data Services
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