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African Development Bank AfDB

  • This week's funding scorecard looks at the progress supranationals have made in their funding programmes.
  • More supranational banks will use synthetic securitization and other risk transfer techniques, specialists believe, after the African Development Bank’s trailblazing $1bn deal, revealed this week, writes Jon Hay.
  • The African Development Bank has become the first supranational bank to use a securitization sold to private investors to free up balance sheet capacity. The deal, four years in the making, demonstrates a new technique that could expand development banks’ firepower to promote development.
  • The African Development Bank’s $1bn synthetic securitization is not its first risk transfer transaction, and will not be its last. The bank has marked itself out as a leader in this sphere, though the effort to get such techniques to work is also highly collaborative.
  • The European Commission has unveiled a portfolio of financial guarantee transactions it is doing to support development in Africa and regions bordering the EU. Among them are two programmes conducted by the African Development Bank, including its new synthetic securitisation.
  • The African Development Bank is planning to issue its first benchmark syndicated green bond since 2015, in what is likely to the issuer’s final syndication of the year
  • The African Development Bank is preparing to launch a Panda bond programme, following the inclusion of the renminbi in the valuation basket of the issuer’s reporting currency.
  • Rating: Aaa/AAA/AAA
  • This week's funding scorecard looks at the progress supranationals have made in their funding programmes.
  • Public sector borrowers found the perfect window to issue dollar deals this week, following a sell-off across the US Treasury curve after the release of US non-farm payroll data that exceeded expectations last Friday.
  • The African Development Bank and Bank Nederlandse Gemeenten kept the positive momentum going in the dollar SSA market this week with blowout five year benchmark trades on Thursday.
  • The African Development Bank is taking indications of interest for its second benchmark of the year, which could complete its syndicated funding programme for 2018.