African Development Bank launches GBP 500 million 0.875% Global Benchmark due 16 December 2024

Transaction details The African Development Bank (AfDB), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a highly successful GBP 500 million long 3-year Global Benchmark bond due 16 December 2024, its second pound sterling  benchmark transaction of the 2021 calendar year. The mandate for a new GBP December 2024 Benchmark was announced on Monday, 25th October 2021 around 9am London time, with orderbooks opening at Initial Price Guidance (“IPGs”) of UKT+28bps area.

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