By Christine Van Dusen
Atlanta, March 16 – African Development Bank priced $154 million 10% notes due Nov. 9, 2018 at 130.462, according to a company filing.
Net proceeds were $200.91 million.
HSBC was the bookrunner for the transaction.
The issuer is a regional development lender with headquarters in Tunis, Tunisia.
| Issuer: | African Development Bank
|
| Amount: | $154 million
|
| Proceeds: | $200.91 million
|
| Maturity: | Nov. 9, 2018
|
| Description: | Senior notes
|
| Bookrunner: | HSBC
|
| Coupon: | 10%
|
| Price: | 130.462
|
| Trade date: | March 12
|
| Settlement date: | March 16
|
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