Registration: 3(a)(2); Registration: 3(a)(2);

African Development Bank (AFDB) exp Aaa/AAA/AAA (s/s/s) US$3bn SEC Exempt 2-part global bonds (US$2bn (no grow) 3y due 6/12/28 and US$1bn (no grow) 10y due 6/12/35). BofA/BNP/JPM/Nomura/WFS joint leads. Listing: Luxembourg Stock Exchange’s Regulated Market. Law: English. Pricing 6/3. Settle 6/12 (T+7). IPTs: 3y: SOFR MS+35 area (currently equiv to CT3+9bp area), 10y: SOFR MS+65 area (currently equiv to CT10+12bp area).GUIDANCE: 3y SOFR MS+34 area, 10y SOFR MS+64 area. Size: Size set at $2bn WNG on 3yr, Size previously set at $1bn WNG on 10yr. 3y: IOIs in excess of $3.7bn (incl. 200m JLM), 10y: $2.4bn (incl 100m JLM).LAUNCHED (3y: Books in excess of $5.7bn (incl. 200 jlm) & 10y: in excess of $4.5bn (incl. 100 jlm)): $2bn 3y at SOFR MS+33, $1bn 10y at SOFR MS+64. PRICED:$2bn 3.875% 6/12/28 99.706 3.980% SOFR MS+33 (T+6.55).$1bn 4.50% 6/12/35 99.530 4.559% SOFR MS+64 (T+11.7).