African Development Bank taps leads for seven-year dollar bond

By Aleesia Forni

Virginia Beach, Sept. 15 – African Development Bank is planning to price a benchmark seven-year offering of dollar-denominated bonds, according to a market source.

The bank has mandated BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. and Nomura to lead the deal.

The issuer is a regional development lender with headquarters in Tunis, Tunisia.

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