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Financing development projects in Africa: AfDB issues a USD 2 billion bond with a 5-year maturity

14/03/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le 7 mars dernier, la Banque africaine de développement (BAD) a émis une obligation Global Benchmark worth 2 billion USD with 5 years of maturity.

A transaction by the BAD marks the first bond issue of 2023. The African Development Bank thus finances development projects in Africa, mainly in the health, education, agriculture and infrastructure sectors. According to the bank, the financing transaction was successful as it attracted an order book of more than 3.5 billion USD from 95 investors, including central banks and internationally renowned institutions.

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