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Browsing: Fight COVID-19
The African Development Bank (AfDB) raised $3 billion in a three-year bond to help lift the economic and social impact that the COVID-19( Coronavirus) pandemic will have on Africa’s economies and people’s livelihood.
In a statement, the AFDB noted that the ‘Fight COVID-19’ Social bond has a three-year maturity and will amass interest from bank treasuries, central banks and official institutions and asset managers and investors who are socially responsible with bids exceeding $4.6 billion.
At 53 per cent, Fight COVID-19 social bond was allocated to central banks and official institutions and asset managers at 20 per cent bank treasuries at 27 per cent while in the Final bond distribution statistics Africa got 8 per cent.
The social bond that will pay an interest rate of 0.75% is the largest dollar-dominated bond ever launched in international capital markets to date as well as the largest US dollar bench bank the …