AfDB goes short with Hong Kong dollar ESG note

Environmental, social and governance ESG green adobe stock 230x150 AS
By Frank Jackman
16 Sep 2019

Bankers were surprised that the African Development Bank placed a one year bond last week linked to environmental, social and governance (ESG) factors.

“This surprised me slightly as thematic and ESG bonds tend to be a bit longer in order to allow you to put the proceeds to work,” said one MTN banker away from the deal.

The African Development Bank placed the HK$300m ($38.3m) 1.79% September 2020 ESG note on ...

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