The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

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31/05/2018 - The AAA-rated African Development Bank (Moody’s/S&P/Fitch/Japan Credit Rating Agency), issued its second “Feed Africa” bond for CAD 60 million, sold to Japan Post Insurance Co., Ltd., the sole investor in the transaction, with Citigroup Global Markets Limited acting as the arranger and lead manager of the transaction.

Categories: Green Bonds Program, Social Bonds Program, Finance

22/05/2018 - On Wednesday, 16th May 2018, the African Development Bank (“AfDB”), rated Aaa/AAA/AAA by Moody’s / S&P / Fitch (with stable outlook) successfully priced a EUR 1.25 billion 10-year Social Bond transaction.

Categories: Social Bonds Program, Finance

16/03/2018 - On Wednesday, March 14, 2018, the African Development Bank, rated Aaa/AAA/AAA (Moody's/S&P/Fitch), priced a new US $2.0-billion 3-year Global Benchmark bond due 22 March 2021.

Categories: Finance

13/12/2017 - On Tuesday 14th November 2017, the African Development Bank rated Aaa / AAA / AAA by Moody’s / S&P / Fitch (all stable) successfully priced a EUR 500 million 7-year inaugural Social Bond transaction, following a European roadshow to present its newly established Social Bond framework. The issue, three times oversubscribed within three hours from formal book opening, was priced at MS-14bps, 2 bps inside of initial guidance. This equated at the time of pricing to a spread of 41.4bps over the DBR 1.00% Aug 2024.

Categories: Social Bonds Program, Finance

05/10/2017 - The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the sole investor in the transaction.

Categories: Energy & Power, The High 5s, Social Bonds Program, Finance

09/12/2015 - Zimbabwe and Chad will benefit from combined grants amounting to US $53.24 million approved by Executive Directors of the African Development Bank Group on Wednesday, December 9, for the funding of a water project and a financial reform programme, respectively.

Categories: Chad, Zimbabwe, Water Supply & Sanitation, ADF, Fragility & Resilience, Economic & Financial Governance, Human Capital Development, Infrastructure, Finance

12/08/2015 - Fitch Ratings has affirmed the African Development Bank (AfDB)’s Long-term Issuer Default Rating (IDR)'s at ‘AAA’ with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'.

Categories: Finance

29/05/2015 - The African financial sector is desperately in need of a shot in the arm as it continues to grapple with the legacy of banking systems and financial markets. Development of this sector can play a key role in providing a much-needed engine of domestic growth. Discussions during the African Development Bank’s 2015 Annual Meeting, from May 25-29 in Abidjan also focus on SMEs contributions to growth, especially on increasing private sector involvement in creating wealth. AfDB’s Financial Sector Development Director, Stefan Nalletamby, has analyzed constraints and opportunities for the financing of SMEs in Africa. Excerpts.

Categories: Finance

06/02/2015 - On Thursday, February 5, 2015, the African Development Bank (AfDB) successfully launched and priced a new 1 billion 5-year US dollar global benchmark due February 12, 2020. This is the AfDB’s first US dollar global benchmark of the year.

Categories: Tunisia, Economic & Financial Governance, Finance

03/12/2014 - On Tuesday, December 2, 2014, the African Development Bank (“AfDB”) rated Aaa (Stable)/AAA (Stable)/AAA (Stable) (Moody’s/Fitch/S&P), successfully priced a ZAR 500 million 3-year ZAR Eurobond due on December 9, 2017 through Morgan Stanley and Standard Bank.

Categories: Tunisia, Finance

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