Brazil: Orders for afdb bond top $1.5bn.The African Development Bank at the close of September reported orders for over US$1.5 billion for its recent $1 bln benchmark global bond issue in the international market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the africancapitalmarketnews.com website, AfDB s 3-year bond, lead-managed by Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. , Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. and Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , was priced at mid swap flat and carries a coupon of
1.75%.
This transaction is a testimony of the confidence capital markets have towards the African Development Bank," said AfDB Treasurer, Pierre Van Peteghem. "It is the fifth transaction by the Bank in 2009 and the third $1 bln global benchmark market completed in 2009." Investor participation was from all over the world, including Americas (57%), Middle-East (18%), Europe (16%) and Asia (9%). The orderbook , the list of those investing, was also satisfactory and was dominated by central banks and official institutions (52%) and fund managers (42%). The AfDB's borrowing program for 2009 was authorized for an amount of up to $9.8 bln, of which it has completed 61%. The global bond is the Bank's ninth since 2002 in line with its strategy of maintaining presence and being a rare but consistent issuer according to the announcement. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion