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African Development Bank plans $2 billion 2 1/8% five-year notes at mid-swaps plus 12 bps
By Rebecca Melvin
New York, Nov. 8 – African Development Bank plans to price $2 billion of 2 1/8% five-year global notes on Wednesday with a final spread of mid-swaps plus 12 basis points, according to a market source.
The fixed spread was unchanged from initial talk.
Barclays, BNP Paribas, JPMorgan and Wells Fargo are the bookrunners for the Securities and Exchange Commission-exempt bonds.
The issuer is a multilateral development bank based in Abidjan, Ivory Coast.
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