AfDB launches NZD150 million “Light up and Power Africa” Kauri benchmark

Region:

Middle East & Africa

The African Development Bank has successfully launched a new NZD150 million ten-year "Light up and Power Africa" Kauri benchmark, due 7 March 2029.The bond, launched on 21 February 2019, carries a semi-annual coupon of 2.85% and priced at a re-offer yield of 2.896%, 70 basis points over...

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