{"id":29305,"date":"2022-09-12T14:59:06","date_gmt":"2022-09-12T14:59:06","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond"},"modified":"2022-09-12T15:13:09","modified_gmt":"2022-09-12T15:13:09","slug":"afdb-launches-another-social-bond","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond","title":{"rendered":"AfDB launches another social bond"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 2029 maturity date.<\/p>\n

THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 2029 maturity date.<\/p>\n

The bond pays a coupon of 2,250% with a reoffer yield of 2,310%.<\/p>\n

The new seven-year euro (EUR) transaction marks the AfDB’s second EUR Global Benchmark in 2022, following the EUR 1 billion five-year transaction issued in March, extending further the bank’s euro curve.<\/p>\n

Additionally, this new line brings a new liquid and on-the-run reference point in the seven-year part of the AfDB’s EUR curve, refreshing a key benchmark maturity, which the AfDB last visited in 2017.<\/p>\n

By issuing social bonds to finance socio-economic development in its regional member countries, the bank is advancing its mission and strategy \u2013 to spur sustainable economic development and social progress in Africa \u2013 and is capitalising on its strong track record of financing projects with strong social impact on the continent.<\/p>\n

The eligible projects to be financed with the proceeds of this new EUR-denominated social bond are expected to lead to poverty reduction and job creation, as well as inclusive growth across age, gender and geography, thus improving the quality of life for the people of Africa.<\/p>\n

Books officially opened the following morning, on 7 September, and investor interest continued to grow with the book closing in excess of EUR 2,3 billion.<\/p>\n

Some 71 investors participated in the offering, while the quality of the book firmly supported the launch of a EUR1,25 billion transaction.<\/p>\n

Notably, at EUR 2,3 billion, the deal’s order book represents AfDB’s largest-ever book for a EUR benchmark transaction.<\/p>\n

The AfDB is rated as a good investment opportunity by both Moody’s and Fitch.<\/p>\n

The bond pays a coupon of 2,250% with a reoffer yield of 2,310%.<\/p>\n

The new seven-year euro (EUR) transaction marks the AfDB’s second EUR Global Benchmark in 2022, following the EUR 1 billion five-year transaction issued in March, extending further the bank’s euro curve.<\/p>\n

Additionally, this new line brings a new liquid and on-the-run reference point in the seven-year part of the AfDB’s EUR curve, refreshing a key benchmark maturity, which the AfDB last visited in 2017.<\/p>\n

By issuing social bonds to finance socio-economic development in its regional member countries, the bank is advancing its mission and strategy \u2013 to spur sustainable economic development and social progress in Africa \u2013 and is capitalising on its strong track record of financing projects with strong social impact on the continent.<\/p>\n

The eligible projects to be financed with the proceeds of this new EUR-denominated social bond are expected to lead to poverty reduction and job creation, as well as inclusive growth across age, gender and geography, thus improving the quality of life for the people of Africa.<\/p>\n

Books officially opened the following morning, on 7 September, and investor interest continued to grow with the book closing in excess of EUR 2,3 billion.<\/p>\n

Some 71 investors participated in the offering, while the quality of the book firmly supported the launch of a EUR1,25 billion transaction.<\/p>\n

Notably, at EUR 2,3 billion, the deal’s order book represents AfDB’s largest-ever book for a EUR benchmark transaction.<\/p>\n

The AfDB is rated as a good investment opportunity by both Moody’s and Fitch.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 2029 maturity date. THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 2029 maturity date. The bond pays a coupon of 2,250% with a reoffer […]<\/p>\n","protected":false},"author":84,"featured_media":29304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-29305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nAfDB launches another social bond - Namibia<\/title>\n<meta name=\"description\" content=\"THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 20 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB launches another social bond\" \/>\n<meta property=\"og:description\" content=\"THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 20 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T14:59:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-12T15:13:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AfDB launches another social bond\",\"datePublished\":\"2022-09-12T14:59:06+00:00\",\"dateModified\":\"2022-09-12T15:13:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\"},\"wordCount\":555,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\",\"name\":\"AfDB launches another social bond - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg\",\"datePublished\":\"2022-09-12T14:59:06+00:00\",\"dateModified\":\"2022-09-12T15:13:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 20 ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg\",\"width\":750,\"height\":450,\"caption\":\"AfDB launches another social bond\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AfDB launches another social bond\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AfDB launches another social bond - Namibia","description":"THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 20 ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond","og_locale":"en_US","og_type":"article","og_title":"AfDB launches another social bond","og_description":"THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 20 ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-09-12T14:59:06+00:00","article_modified_time":"2022-09-12T15:13:09+00:00","og_image":[{"width":750,"height":450,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"AfDB launches another social bond","datePublished":"2022-09-12T14:59:06+00:00","dateModified":"2022-09-12T15:13:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond"},"wordCount":555,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond","name":"AfDB launches another social bond - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg","datePublished":"2022-09-12T14:59:06+00:00","dateModified":"2022-09-12T15:13:09+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"THE African Development Bank (AfDB) last week launched and priced a new EUR1,25-billion social bond, with a September 20 ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/09\/postQueueImg_20-631f4c6a0da5b.jpg","width":750,"height":450,"caption":"AfDB launches another social bond"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/afdb-launches-another-social-bond#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"AfDB launches another social bond"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/29305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=29305"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/29305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/29304"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=29305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=29305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=29305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}