Published on 2/21/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Tunisia's ADB sells $250 million add-on to 7/8% notes due 2018 at mid-swaps plus 1 bp
By Christine Van Dusen
Atlanta, Feb. 21 - Tunisia's African Development Bank priced a $250 million add-on to its 7/8% notes due March 15, 2018 (Aaa/AAA/AAA) at 99.347 to yield mid-swaps plus 1 basis point, a market source said.
BNP Paribas and Deutsche Bank were the bookrunners for the deal.
ADB is a regional development lender.
| Issuer: | African Development Bank
|
| Amount: | $250 million
|
| Maturity: | March 15, 2018
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Deutsche Bank
|
| Coupon: | 7/8%
|
| Price: | 99.347
|
| Spread: | Mid-swaps plus 1 bp
|
| Trade date: | Feb. 21
|
| Settlement date: | Feb. 28
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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