Austria and AfDB to bring bonds to fight Covid-19

By Burhan Khadbai
25 Mar 2020

The Republic of Austria and the African Development Bank announced new bond transactions on Wednesday which will be used to provide emergency financing in response to the coronavirus outbreak.

Austria has mandated Bank of America, Barclays, JP Morgan, Goldman Sachs, Nomura and UniCredit for new three and 30 year euro benchmark bonds.

The three year bond “will be used primarily to finance the €4bn Covid-19 emergency aid fund announced by the ...

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