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
08/04/2019 - On Thursday 4 April 2019, the African Development Bank successfully priced a dual tranche NOK 500 million 3-year fixed Social Bond and SEK 1.25 billion 5-year fixed Green Bond transaction. The three-year tranche is the very first Social Bond issued in the Norwegian market. It was also the first ever NOK transaction issued by the Bank and the third Social Bond issued under its Social Bond framework.
14/12/2018 - The Board of the African Development Bank has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion to be raised from the capital markets.
The African Development Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling.
30/11/2018 - On Tuesday 27 November 2018, the African Development Bank rated Aaa/AAA/AAA by Moody’s/S&P/Fitch (all stable) successfully priced a dual-tranche US$ 500 million 3-year and US$ 100 million 2-year SOFR-linked Green bond, becoming the first issuer to bring to the market a SOFR-linked Green Bond transaction.
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.
14/12/2015 - On Wednesday, December 9, 2015, the African Development Bank (AfDB) rated Aaa / AAA/ AAA by Moody’s / S&P / Fitch (all stable) successfully launched a USD 500-million 3-year Green Bond transaction due December 2018. The issue priced at Mid-Swaps plus 14 bps, equivalent to a spread of 18 bps over the UST 1.250% December 2018.
Categories: Green Bonds Program
03/07/2014 - Green growth is a corporate priority of the Bank that it achieves through the financing of eligible climate change mitigation and adaptation projects. AfDB Green Bonds – rated Aaa/AAA/AAA – help the Bank reach that goal.
10/03/2014 - On Thursday, March 6, 2014, the African Development Bank (AfDB) launched its second Swedish Krona (SEK) Green Bond transaction. Coming after its inaugural SEK 5-year Green Bond in floating rate format, AfDB took advantage of the strong positive momentum and demand created from the first deal to follow up with another SEK 1 billion 5-year transaction – this time in fixed rate format.
20/02/2014 - The SEK 1 billion 5-year floating rate transaction was launched and priced on Monday 17th February at 3m Stibor flat. The transaction was subscribed in full by SPP, the wholly-owned Swedish Life Insurance and Asset Management company of Storebrand.
21/11/2013 - Achieving food security and more resilient agriculture requires both adaptation to climate change and lower emission intensities per output. This rationale, brought to the forefront by the African Development Bank (AfDB), during Africa Day, requires a major shift towards more efficient use of land, water, soil nutrients and genetic resources, together with considerable changes in governance, legislation, policies and financial mechanisms.