Published on 2/26/2016 in the Prospect News Emerging Markets Daily.
New Issue: African Development Bank prices $1 billion 1 1/8% notes due 2019
By Christine Van Dusen
Atlanta, Feb. 26 – African Development Bank priced a $1 billion issue of 1 1/8% notes due March 4, 2019 at 99.906, according to a bank announcement and a market source.
BNP Paribas, HSBC, JPMorgan and Nomura Securities were the bookrunners for the deal.
Other details were not immediately available on Friday.
African Development Bank is based in Abidjan, Ivory Coast.
| Issuer: | African Development Bank
|
| Amount: | $1 billion
|
| Maturity: | March 4, 2019
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, HSBC, JPMorgan, Nomura Securities
|
| Coupon: | 1 1/8%
|
| Price: | 99.906
|
| Trade date: | Feb. 24
|
| Settlement date: | March 4
|
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