AfDB taps rare long end green Aussie dollar bond

IFC_fotolia_230x150
By William Chambers
02 Nov 2017

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.