Published on 8/24/2011 in the Prospect News Agency Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: African Development Bank sells $1 billion 1¼% five-year notes at 99.942
By Paul A. Harris
Portland, Ore., Aug. 24 - African Development Bank priced a $1 billion issue of 1¼% five-year notes (Aaa/AAA/AAA) at 99.942 on Wednesday, according to a market source.
Deutsche Bank, Goldman Sachs, Morgan Stanley and UBS managed the sale.
The regional development bank is based in Tunis, Tunisia.
| Issuer: | African Development Bank
|
| Amount: | $1 billion
|
| Maturity: | Sept. 2, 2016
|
| Securities: | Notes
|
| Managers: | Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS
|
| Coupon: | 1¼%
|
| Price: | 99.942
|
| Trade date: | Aug. 24
|
| Settlement date: | Sept. 2
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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