Asian Development Bank

Sunday, 07 October 2018

Kauri surge threatens annual volume record

The Kauri market has been supporting significantly sized deals in recent weeks, illustrated by Asian Development Bank (ADB)’s most recent foray into the market. Pricing and demand fundamentals are currently coaxing supply from offshore issuers, with domestic buyers the primary drivers of demand.

Thursday, 10 January 2019

Trio of factors aid demand for ADB’s record Kangaroo green bond

Kangaroo deal flow in benchmark volume started coming through on 8 January, when Asian Development Bank (ADB) priced a A$1 billion (US$718 million), five-year green bond. Despite ongoing headwinds for supranational, sovereign and agency (SSA) issuance in Australian dollars, the deal achieved record volume based, deal sources say, on the boost the year’s first issuer typically receives, improving technical factors and the green overlay.

Sunday, 06 January 2019

ADB the first to launch in 2019 with five-year Kangaroo green bond

On 7 January, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a new, five-year Kangaroo green bond via Deutsche Bank, Nomura and TD Securities. The forthcoming transaction has indicative price guidance of 43 basis points area over semi-quarterly swap, equivalent to 49.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch.

Thursday, 08 November 2018

ADB launches June 2029 Kangaroo increase

Late in the Sydney day on 8 November, Asian Development Bank (ADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$72.5 million) increase to its June 2029 Kangaroo bond. The forthcoming transaction has indicative price guidance of 40 basis points area over semi-quarterly swap, equivalent to 50.75 basis points area over Australian Commonwealth government bond.

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