Green Bonds Program


Despite Challenges, Africa's Debt is still under control says African Development Bank

The African Development Bank remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N'sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity. The bullish numbers were revealed during the Bank’s Financial presentation Thursday, a highlight of the 2019 Annual Meetings of the Bank currently underway in Malabo, Equatorial Guinea. The panel was led by N’sele...

The African Development Bank launches a dual tranche NOK 500 million 3-year Social Bond and SEK 1.25 billion 5-year Green Bond

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.  By issuing Social Bonds to finance socio-economic development in its regional member countries, the Bank is advancing its mission and strategy to spur sustainable economic development and...

African Development Bank’s Board approves Bank’s borrowing program for 2019

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. The Bank maintains an active presence in the socially responsible investment arena and continues to be a regular issue of Green and Social Bonds. These products serve to satisfy increasing demand for...

African Development Bank issues first ever SOFR-linked transaction in green bond market

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. The fixed rate tranche, oversubscribed within three hours of formal book opening with the support from high quality green investors, was priced at mid-swaps (MS) flat, in line with Initial Price Thoughts (IPTs) and providing a very limited new issue premium. The SOFR-linked tranche,...

Green Bond Newsletter - Issue N°5 - November 2018

The African continent contributes the least to greenhouse gas (GHG) emissions globally but is highly vulnerable to the adverse impacts of climate change that threaten its social and economic development. The poorest African countries, especially those in fragile situations, are most affected by climate change. This exacerbates food insecurity, displaces people and threatens livelihoods. However, the continent also has enormous opportunities to build resilience to climate change and to transition towards low-carbon development. To address these critical issues, the African Development...

African Development Bank launches US$2 Billion 3.00% Global Benchmark due 20 September 2023

The African Development Bank, rated Aaa (Moody’s)/AAA(S&P)/AAA(Fitch), has launched and priced its new US$2-billion 5-year Global Benchmark bond, due 20 September 2023. Launched on September 13, this new deal is the Bank’s second US$ benchmark transaction of the year, following  the US$2-billion 3-year Global Benchmark priced on March 2018. With its latest issue, the Bank continues to meet its objective of funding strategy to issue large liquid benchmark transactions and extend its benchmark curve. The Bank has now raised around US$ 6.9 billion and complete 86% of its 2018...

Ten-year CAD 60-million “Feed Africa” bond issued by the African Development Bank

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. As part of its High 5 priorities, the Bank adopted a “Feed Africa” Strategy for Agricultural Transformation in Africa 2016-2025, investing US $24 billion over ten years to help end extreme poverty; eliminate malnutrition; end dependency on food imports, and move Africa...

Green Bond Newsletter - Issue N°4 - November 2017

The African Development Bank’s Ten-Year Strategy for 2013-2022 aims to improve the quality of Africa’s growth and is built around two objectives. The first objective is to achieve growth that is inclusive and the second is to ensure that this growth is sustainable, thus helping Africa gradually transition to “green growth” that will protect livelihoods, improve water, energy and food security, promote the sustainable use of natural resources and spur innovation, job creation and economic development. The AfDB Green Bond program facilitates the achievement of the Bank’s corporate priority of...

Green Bond Newsletter - Issue N°3 - October 2016

"The African Development Bank is committed to working closely with African countries to support their adaptation and transition towards green growth. We will lead a major push to deliver cleaner, more affordable energy for all Africans by 2025. We will integrate climate- smart development across our portfolio, and we will continue to use our expertise to leverage climate finance for Africa and help African countries speak with a common voice in the international policy arena.” AKINWUMI AYEDEJI ADESINA President African Development Bank Group

Impacts socio-économiques du complexe solaire Noor Ouarzazate co-financé par la BAD et les FIC


African Development Bank USD 500 million 1.375% 3-year Green Bond Transaction due December 2018

Final terms of the transaction Issuer African Development Bank, rated Aaa / AAA/ AAA (Moody’s / S&P / Fitch) Principal Amount USD 500,000,000 Pricing Date December 9, 2015 Settlement Date December 17, 2015 Maturity Date December 17, 2018 Re-Offer Price/Yield 99.903% / 1.408% Coupon 1.375% (semi-annual, 30/360) Spread vs....

La COP24 entame son marathon pour mettre en orbite l’Accord de Paris


Green Bond Newsletter - Issue N°2 - July 2015

“We are pleased to present the second edition of the AfDB’s annual Green Bond newsletter highlighting recent developments and achievements in our SRI activities. Green Bond issuance has substantially increased over the past three years and we are delighted to have been one of the early issuers of Green Bonds. Our Green Bonds not only support the achievement of our ten-year strategy’s ‘green growth’ objective, but also helps raise awareness of the work we are doing in Africa to combat climate change. We are committed to maintaining a pivotal role in the development of this market and build...

AfDB pushes its Green Bonds: New projects, principles and products

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. Proceeds raised through the sale of AfDB Green Bonds are allocated to a sub-portfolio within the Treasury’s liquidity portfolio until they are disbursed to eligible green projects. To date, outstanding AfDB Green Bonds (including green-themed uridashi bonds sold to Japanese investors) amount to US$ 993 million against a total eligible project...

ADER- Annual Development Effectiveness Review 2014

This fourth edition of the Annual Development Effectiveness Review of the African Development Bank (AfDB) is the product of strong collaboration on the part of staff from most of AfDB’s departments. It is coordinated by the Quality Assurance and Results Department. Georg Weiers was the task manager of this report, and Yeon-Su Kim, Helmi Hmaidi, and Mariem Khelifi provided valuable statistical support. We would like to recognise Senait Assefa, Stefan Atchia, Cyril Blet, Thomas Brient, Sarah Cooper, Horia Sohir Debbiche, Gaoussou Diabagate, Souleymane Dieye, Mbarack...

Green Bond Newsletter - Issue N°1 - May 2014

Founded in 1964, the African Development Bank (AfDB) Group is comprised of 53 African or regional member countries (RMCs) and 26 non-African countries whose overarching objective is to spur sustainable economic development and social progress in its regional member countries, thus contributing to poverty reduction.

AfDB prices SEK 1 billion Green Bond due March 2019

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. Transaction Highlights: The transaction has a 5-year maturity matched to the Swedish Government Bond (SGB 1052) and was priced at 5-year mid-swap Flat, equivalent to a yield of 1.865%, and a spread of 38....

AfDB - SEK 1,000,000,000 Floating Rate Note due February 2019

Transaction Highlights: 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. The Swedish Krona floating rate note is African Development Bank’s (AfDB) inaugural issue in the SEK market and its second Green Bond transaction under its new Green Bond Framework. The Swedish Krona market investor base is one of the largest for Sustainable Investments and has been actively used by the...

AfDB underscores climate solutions at Africa Day, COP 19

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. The event, under the theme of Climate Change and Agricultural Development in Africa took place on the 19th November 2013, in Warsaw, Poland, during the...

AfDB promotes green and sustainable growth in Africa at UN Climate Talks in Warsaw

The African Development Bank’s green growth side event at the 19th Conference of Parties (COP 19) in Warsaw, Poland, provided a strong case for the collective objective of ensuring the transition to green growth and sustainable development in Africa. The side event titled “Transitioning towards Green Growth in Africa: The Role of the African Development Bank and other regional institutions” held on Monday, November 18, promoted the exchange of experiences and best practices with a view to replicating these in the future. “By 2030, Mozambique would have transitioned to a green economy,”...