African Development Bank details payment details for ruble notes

By Mary-Katherine Stinson

Lexington, Ky., Feb. 21 – African Development Bank announced it will pay the interest and final redemption amount on its RUB 3.175 billion 5.15% notes due Feb. 20 (ISIN: XS2123064102) in dollars, according to a notice.

As a result, the interest amount per specified denomination will be $69.22 and the final redemption amount per specified denomination due on Feb. 20 will amount to $1,344.09 based on an exchange rate of rubles to U.S. dollars of 74.4.

The issuer is a multilateral development bank based in Abidjan, Ivory Coast.

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