AfDB breaks social bond record with coronavirus response deal

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By Lewis McLellan
27 Mar 2020

Investors flocked to African Development Bank’s Fight Covid-19 social bond on Thursday, allowing the supranational to print its own largest ever dollar deal, and its largest ever social bond.

The deal brought AfDB 21 new investors — the most a single AfDB benchmark has ever brought in.

Bank of America, Crédit Agricole, Citi, Goldman Sachs, TD Securities ran the deal.

For Pascale Forde Maurice, in Crédit Agricole’s sustainable banking team, who worked ...

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