Published on 11/15/2017 in the Prospect News Emerging Markets Daily.
New Issue: African Development Bank prices €500 million ¼% seven-year bonds to yield 0.35%
By Rebecca Melvin
New York, Nov. 15 – African Development Bank priced €500 million of ¼% seven-year bonds at 99.282 to yield 0.35% on Wednesday, according to a market source.
The Regulation S notes were sold via bookrunners Credit Agricole CIB, Goldman Sachs and HSBC.
The issuer is a multilateral development bank based in Abidjan, Ivory Coast.
| Issuer: | African Development Bank
|
| Amount: | €500 million
|
| Maturity: | Nov. 21, 2024
|
| Securities: | Bonds
|
| Bookrunners: | Credit Agricole CIB, Goldman Sachs and HSBC
|
| Coupon: | ¼%
|
| Price: | 99.282
|
| Yield: | 0.35%
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 21
|
| Distribution: | Regulation S
|
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