La BAD place sur le marché japonais une émission pour l’appui à l’éducation

29/02/2012
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The African Development Bank (AfDB), rated Aaa/AAA/AAA, today announced that it will offer an Education Support Bond to Japanese retail investors.  The bond will be distributed by Tokai Tokyo Securities, Nishimura Securities, Banyo Securities and Rakuten Securities.

The issuance of a 3-year TRY fixed rate note, a 5-year BRL fixed rate discount note, and a 5-year ZAR fixed rate discount note is being arranged by HSBC Securities (Japan) Limited.  The net proceeds of the issue will, on a best efforts basis, be used to fund projects in the field of education and hence foster economic and social growth in the region.

AfDB plays an important role in the sustainable and equitable economic growth of the continent.  In the education sector, this means focusing on (i) higher education, science, and technology (HEST), with the aim of producing the human capital (scientists, engineers, researchers, doctors etc.), who will serve in the countries’ centers of excellence and (ii) Technical and Vocational Education and Training (TVET) to address the skilled labour requirements of the productive sectors. Investment in the social sector (education, health, etc.) can in this way contribute to human development and poverty reduction as well as support Regional Member Countries (RMCs) in achieving their millennium development goal (MDG) targets.

By purchasing the Education Support Bond, individual investors can indirectly support children in Africa and provide them with a better future.

Summary of Expected Terms

3yr TRY Fixed Rates Notes
Sale price: 100.00% of face value Application unit: TRY10,000
Offer period: 1 – 28 March, 2012  Interest rate: 6.29% (before tax)
Issue date: 29 March 2012 Delivery date: 30 March 2012
Maturity: 26 March 2015 
Coupon payment date: 26th of March and September every year

5yr BRL Fixed Rates Discount Notes
Sale price: 79.50%of face value Application unit: BRL10,000
Offer period: 1 – 27 March, 2012  Interest rate: 0.5% (before tax)
Issue date: 28 March 2012 Delivery date: 29 March 2012
Maturity: 29 March 2017 
Coupon payment date: 29th of March and September every year

5yr ZAR Fixed Rates Discount Notes
Sale price: 79.10%of face value Application unit: ZAR10,000 
Offer period: 1 – 27 March, 2012  Interest rate: 0.5% (before tax)
Issue date: 28 March 2012 Delivery date: 29 March 2012
Maturity: 29 March 2017 
Coupon payment date: 29th of March and September every year

HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,200 offices in 85 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and Africa. With assets of US$2,555bn at 31 December 2011, HSBC is one of the world’s largest banking and financial services organisations.