African Development Bank, TurkExim sell bonds; Bahrain notes ease in secondary

By Aleesia Forni

Virignia Beach, Sept. 16 – African Development Bank and Export Credit Bank of Turkey SA (Turk Eximbank) issued new bonds on Tuesday, while spreads were mostly weaker as the Federal Reserve kicked off its two-day policy meetings.

African Development Bank came to market with a $1 billion offering of seven-year notes.

Meanwhile, Export Credit Bank of Turkey sold its seven-year offering tight of price guidance on Tuesday.

In other primary happenings, Chile’s CorpBanca SA announced price talk for a planned dollar-denominated offering of five-year senior notes.

Geely Automobile Holdings Ltd. also joined the forward calendar on Tuesday, scheduling a roadshow ahead of a possible dollar deal.

The recent 6% notes priced by Bahrain traded wider in the secondary market, closing the session up around 1/10th of a point, around according to a trader.

“Fairly active day flow-wise, with relatively balanced flows going on,” a trader said.

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