AfDB taps rare long end green Aussie dollar bond
African Development Bank (AfDB) has reopened a rare long end green Kangaroo bond. Long end Kangaroos are often considered difficult to place as those deals are primarily driven by interest from Japan and are too long for most investors.
AfDB placed the A$60m ($46.0m) tap of its December 2031 green bond on Tuesday through Nomura, pricing the issue at mid-swaps plus 50bp.Keith Werner, chief treasury officer at AfDB, said: “This is the first time we have tapped this line since the initial issuance, due ...
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