African Development Bank AfDB
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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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Four public sector borrowers received strong receptions in the primary US dollar market this week, with a lack of supply in the currency over the last few weeks overriding volatility in US Treasuries.
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African Development Bank and New Development Bank received ample demand in the primary dollar public sector bond market on Thursday, allowing the supranational borrowers to print chunky deals.
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African Development Bank and New Development Bank will add to the week’s dollar SSA bond supply on Thursday. The lack of issuance in the currency in June is helping to boost sentiment in the market despite a rocky rates backdrop.
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This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the end of June.
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