Thursday, 15 September 2016

[wanabidii] New content updates

Dear Wanabidii Africa Mashariki,

The following new content has been been added to our website:

Press Releases

15/09/2016 - On Wednesday, September 14, 2016, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a US $1 billion fixed rate US Dollar Global benchmark due 20 September 2019, the issuer's fourth global benchmark issue in 2016. The transaction has a coupon of 1.125% and was priced at a spread of mid-swaps plus 9 basis points, the tightest 3-year benchmark pricing by the issuer since 2014, and equivalent to 26.2 basis points over the 0.875% UST due September 2019. Joint lead managers are Barclays, BofA Merrill Lynch, J.P. Morgan and TD Securities.

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