AfDB launches sophomore social bond, Basque to follow

By Lewis McLellan
17 May 2018

The African Development Bank sold its second ever social bond on Wednesday, more than doubling the size of its debut effort and extending its maturity curve. The Basque Government will follow the supranational with its inaugural sustainable bond.

The Basque Government has mandated BBVA, Crédit Agricole, HSBC, Norbolsa and Santander to run the books for a 10 year sustainable bond. The leads will arrange a series of investor meetings beginning on May 22. The trade will be the borrower's first bond since March ...

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