AfDB to launch inaugural dollar global as first step to regular public issuance

July 19, 2002 12:00 am

The African Development Bank (AfDB) is poised to launch a $500m three year global bond, the supranational’s first issue in the global arena and its largest US dollar transaction since 1994. Market participants expect the issue to be launched and priced today (Friday). Mandated banks are BNP Paribas and Daiwa Securities SMBC Europe.

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