AfDB Executes US$1 Billion Bond Issue
The AfDB on January 13, 2009, successfully executed a US$ 1 billion benchmark global bond issue in the international market. The 3-year bond, lead-managed by BNP Paribas, Citi and Goldman Sachs, was issued under the Bank’s US$ 3.7 billion 2009 borrowing program. It was priced at mid-swap + 40 basis points and carries a coupon of 1.875%.
The Bank’s issue was made on the back of successful road shows in Europe, the Middle East and Asia and followed from a careful monitoring of the market and positive feedback from investors. The successful outcome of this transaction is credit to the standing AfDB holds in the capital markets.
The Bank’s issue was made on the back of successful road shows in Europe, the Middle East and Asia and followed from a careful monitoring of the market and positive feedback from investors. The successful outcome of this transaction is credit to the standing AfDB holds in the capital markets.