African Development Bank sets coupon rate of $1 bln bond at 1.125 pct

African Development Bank

Thu Feb 25, 2016/Reuters

The African Development Bank has priced a three-year $1 billion global benchmark due on 4 March 2019 at a coupon of 1.125 percent, the AFDB said on Wednesday.

The lead managers of the bank’s first USD global benchmark for 2016 are BNP Paribas, HSBC, JP Morgan and Nomura, the AFDB said in a statement.

(Reporting by Wendell Roelf; Editing by Tiisetso Motsoeneng)

 

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