AfDB in the news
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the end of November, with some issuers also setting their targets for 2021 and starting pre-funding.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes in mid-October.
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Covid-19: SSA response bonds
Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the beginning of September.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the start of July.
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Newmarket begins fresh quest for impact in securitization
Securitization is the most mathematical of debt markets, and synthetic securitization its most abstract department. But in a niche within that niche is a small investment firm, for which the market is all about ideas and people. Jon Hay reports.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes as we reach the end of May and enter June.
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Supranationals taps niche currencies for Covid-19 response
Social bonds are proving to be a key part of SSAs fight against the coronavirus, with $10.6bn equivalent printed since the start of the pandemic. Having already tapped core currency markets last month, this week a pair of supranationals turned towards niche currencies to fund their response to the pandemic. With demand for the social format high, both bankers and funding officials are hopeful the new investor interest will stick around after the pandemic passes.
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Nigeria seeks $7bn from MDBs in bid to combat Covid-19
Nigeria, Africa's largest economy, is the latest emerging market to approach international financing institutions for help to deal with Covid-19.
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SSA secondary pricing update: Euro deals outperform dollars
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, March 30. The source for secondary trading levels is ICE Data Services.
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AfDB breaks social bond record with coronavirus response deal
Investors flocked to African Development Bank’s Fight Covid-19 social bond on Thursday, allowing the supranational to print its own largest ever dollar deal, and its largest ever social bond.
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AfDB USD3bn 0.75% Apr 23 Fight Covid-19 bond
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SSAs pile into bond market to fight Covid-19
Public sector borrowers returned en masse to the primary bond market this week, with many selling new issues with an explicit focus on providing emergency financing in response to the coronavirus outbreak.
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IADB to follow AfDB with Covid-19 response bond
The Inter-American Development Bank on Thursday started marketing a five year sustainable development bond in Global format as it looks to become third SSA borrower to jump into the dollar market this week. But SSA issuers that fund in euros will unlikely be able to mirror join the party.
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Austria and AfDB to bring bonds to fight Covid-19
The Republic of Austria and the African Development Bank announced new bond transactions on Wednesday which will be used to provide emergency financing in response to the coronavirus outbreak.
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Funding scorecard: supranationals
This week’s funding scorecard looks at the progress supranationals have made in their funding programmes during a first quarter wracked by volatility.
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Funding scorecard: supranationals
This week's funding scorecard looks at the progress supranationals have made in their funding programmes at the beginning of December, with some issuers also setting their funding targets for 2020.
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Cocobod to raise third syndicated loan of 2019
Ghanaian cocoa agency, Ghana Cocoa Board (Cocobod), will raise a $600m loan from supranational and international lenders. The deal is Cocobod's third syndicated loan this year.
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AfDB’s landmark capital increase to ‘at least double’ its funding programme
The African Development Bank will massively increase the size of its funding programme in the coming years, after approving the largest capital increase in its history.
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AfDB revisits Nokkie social bond, eyes dollar social debut
The African Development Bank returned to its inaugural Norwegian krone social bond to increase the trade to Nkr1bn ($109.4m) this week, as it looks to move its social bond framework into other currencies, including dollars.
Dealer League Table AfDB
Rank | Lead Manager | Amount $bn | No of issues | Share % |
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1 | JPMorgan | 0.52 | 3 | 24.65% |
2 | HSBC | 0.40 | 1 | 18.84% |
2 | BofA Securities | 0.40 | 1 | 18.84% |
2 | Barclays | 0.40 | 1 | 18.84% |
2 | BNP Paribas | 0.40 | 1 | 18.84% |
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Bank Profiles
Latest news by market and league table performance
European Sovereign Bonds
Rank | Lead Manager | Amount $bn | No of issues | Share % |
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1 | SG Corporate & Investment Banking | 4.88 | 3 | 16.63% |
2 | HSBC | 3.99 | 3 | 13.59% |
3 | JPMorgan | 3.00 | 3 | 10.22% |
4 | Citi | 2.89 | 2 | 9.85% |
5 | Barclays | 2.33 | 2 | 7.92% |
Dollar Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
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1 | Citi | 7.41 | 12 | 15.37% |
2 | Deutsche Bank | 4.69 | 6 | 9.73% |
3 | JPMorgan | 4.60 | 9 | 9.55% |
4 | BMO Capital Markets | 3.83 | 3 | 7.95% |
5 | BofA Securities | 3.72 | 5 | 7.73% |
Bookrunners of Euro Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
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1 | JPMorgan | 8.94 | 15 | 10.68% |
2 | HSBC | 8.30 | 9 | 9.91% |
3 | SG Corporate & Investment Banking | 7.46 | 7 | 8.91% |
4 | UniCredit | 7.12 | 11 | 8.50% |
5 | Citi | 6.84 | 7 | 8.17% |
Bookrunners of Global SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
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1 | Citi | 14.79 | 19 | 9.78% |
2 | JPMorgan | 14.45 | 40 | 9.56% |
3 | HSBC | 12.32 | 18 | 8.15% |
4 | Deutsche Bank | 10.51 | 17 | 6.96% |
5 | SG Corporate & Investment Banking | 9.06 | 9 | 6.00% |