Commentary & Deal Flow

The African Development Bank (AfDB), rated Aaa (Moody's, stable) / AAA (S&P, stable) / AAA (Fitch, stable) / AAA (Japan Credit Rating Agency, stable), has mandated BNP Paribas and Goldman Sachs International as Joint Structuring Advisers, and BNP Paribas, Citi, Goldman Sachs International, HSBC and UBS as Joint Bookrunners to arrange a series of global fixed income investor calls and meetings commencing Monday 22nd September.

A USD Global SEC-exempt Benchmark Hybrid transaction with expected rating of AA- by S&P and Aa3 by Moody’s is expected to follow, subject to market conditions.

The manufacturer target market (EU MiFID II/UK MiFIR) as assessed by the Joint Bookrunners is eligible counterparties and professionals only (all distribution channels). FCA/ICMA stabilisation.