Published on 9/25/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Tunisia's African Development Bank sells $1 billion 1 5/8% notes at mid-swaps plus 6 bps
By Aleesia Forni
Virginia Beach, Sept. 25 - African Development Bank priced $1 billion notes due Oct. 2, 2018 on Wednesday with a spread of mid-swaps plus 6 basis points, according to a market source.
The notes priced at 99.933 to yield 1.639%.
The issuer is a regional development lender with headquarters in Tunis, Tunisia.
| Issuer: | African Development Bank
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | Oct. 2, 2018
|
| Bookrunners: | Citigroup Global Markets, Goldman Sachs & Co., HSBC Securities, TD Securities
|
| Coupon: | 1 5/8%
|
| Price: | 99.933
|
| Yield: | 1.639%
|
| Spread: | Mid-swaps plus 6 bps
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 2
|
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