The participants
Paul Bide, head of debt markets research, Bankers Trust
John Gerli, head of debt capital markets, Salomon Smith Barney
Wayne Hoy, head of capital markets, Commonwealth Bank of Australia
John Keith, head of origination, Nomura
Paul Umbrazunas, director, global markets, Deutsche Bank
Has the ADB damaged the kangaroo bond market?
[An Asian Development Bank (ADB) five-year issue for A$ 1 billion was launched in September 1998 at a spread of 39 basis points over the government bond. It widened by up to 25bp in the aftermarket.
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