Commentary & Deal Flow

Agence Francaise de Developpement (AFD), (ticker: "AGFRNC"), rated A+/A+ (S&P/Fitch), has mandated Barclays, BNP Paribas, Citi, J.P. Morgan, Morgan Stanley and Natixis as Joint Lead Managers for its upcoming Reg S Bearer Dematerialised short 8yr Euro-denominated benchmark due 25-May-34.

An expected € benchmark, Reg S, short 8yr Senior Unsecured offering will follow in the near future, subject to market conditions.

• Target Market: The manufacturer target markets (MiFID II/UK MiFIR product governance) as assessed by the lead managers are professionals and eligible counterparties (all distribution channels).
• Stabilisation: FCA/ICMA stabilisation.