AfDB set to bring the first green Sofr

By Burhan Khadbai
26 Nov 2018

The African Development Bank mandated banks on Monday for the first green bond linked to the Secured Overnight Financing Rate, Sofr.

Leads Bank of America Merrill Lynch, Crédit Agricole, JP Morgan, TD Securities and Wells Fargo sent out initial price thoughts of 32bp area over Sofr for AfDB’s $100m November 2020 green global floating rate note.

AfDB is also in the market for ...

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