AfDB to raise over $7bn from capital markets in 2019

The African Development Bank (AfDB) says it would borrow $7.24 billion from capital markets to support investments in the continent in 2019.
 
The Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling.
 
Africa’s premier Development finance institution maintains an active presence in the socially responsible investment arena and continues to be a regular issue of Green and Social Bonds.
 
These products serve to satisfy increasing demand for impact investment but also allow the Bank to highlight its development mandate and promote sustainable and inclusive growth.
 
The Institution has also used its ‘High 5’ operational priorities as a platform to continue the issuance of theme bonds which includes its inaugural ‘Integrate Africa’ bond, a ‘Feed Africa’ bond awarded Asia Pacific Deal of the Year by mtn-i, more than forty ‘Improve the Quality of the Life for the People of Africa’ bonds, and two taps of its ‘Light Up and Power Africa’ bond.
 
According to the Bank, it will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations, alongside other initiatives.
 

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