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 |
Ethiopia grabs first ClimDev Special Fund grant
Ethiopia has sealed a US $1.1 million deal with the newly launched ClimDev-Africa Special Fund (CDSF), to strengthen its climate information and early warning systems for climate resilience development and adaptation – becoming the first African country to benefit from the Fund.
The Paris Climate Change Agreement – A Window for Africa’s Sustainable Development
“The Adoption of the Paris Agreement shows that the world understands that with climate change there are no winners and no losers. Either we all win together, or we all lose together”, the President of the African Development Bank Group, Akinwumi Adesina, said Sunday. “And yesterday we all committed to win together.”
Clim-Dev Africa providing more and better climate services to enhance adaptation to climate change
The Climate for Development in Africa (Clim-Dev Africa) programme dinner dialogue was held at the margins of the UN Global Climate Change Conference (COP 20) in Lima, Peru, to discuss various perspectives for enhancing the provision of climate information services in support of Africa’s economic transformation and capacity to adapt to climate change.
Italy joins Africa Climate Change Fund with €4.7 million; Fund grants US $0.36 million to enhance climate resilience in Zanzibar
The Italian government announced on Thursday, December 10 that it will contribute €4.7 million to the Africa Climate Change Fund (ACCF), an initiative launched last year by the African Development Bank (AfDB) with a €4.725-million contribution from Germany to support African countries in building their resilience to the negative impacts of climate change and transitioning to sustainable low-carbon growth.