IADB’s $4bn 2.625% April 2021 global, which was priced by BMO Capital Markets, Citi, Deutsche Bank and Nomura on April 12, had an average score of 8.89 across the five available deal categories for scoring (timing, structure/maturity, pricing, quality of the investor book and performance). Its highest scores were in pricing, where it was awarded a 9.25 on average, and timing, where it took 9.
The only other dollar benchmark priced that week, a $2bn 2.75% April 2021 from the Ontario Teachers’ Finance Trust, scored 8 on average.
Other high scorers of the week include a €3bn April 2034 from Portugal, which scored 8.6 on average. That deal had its highest marks in structure/maturity and performance. A €1.75bn 0.5% April 2025 from Bank Nederlandse Gemeenten followed closely behind; it had an average score of 8.57 and also had its highest marks in structure/maturity and pricing.
A debut euro benchmark from Alberta — a €1.5bn 0.625% April 2025 print — was the fourth highest scoring deal of the week, with 8.3.
Ontario had an average score of 8.1 with a €1.5bn 0.625% April 2025, while a €4bn 2033 from Ireland scored 8.03. The European Financial Stability Facility brought up the rear with a €3bn October 2026 that scored 7.7. Its highest score — 8.17 — was in performance.
