The global bond scored 8.10 in the timing category, although its strongest showing was in performance, for which it drew an 8.30. The bond traded about 1.5bp-2bp tighter the day after pricing and “brought in the rest of three year universe of supras and agencies with it, by 0.5bp tighter”, according to one of the leads — Bank of America Merrill Lynch, Citi, JP Morgan and Morgan Stanley — at the time.
Perhaps reflecting the bond’s standard form of a dollar three year, the lowest — although still strong — score came for structure/maturity, with 7.30.
Adding in a 7.70 for pricing and a 7.90 for investor distribution quality, the issue scored an overall average of 7.86.
