AfDB prices A$100 million tap to 2025 Kangaroo

Wednesday, 08 February 2023

Updated

Issuer name: African Development Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 7 February 2023
Settlement date: 14 February 2023
Maturity date: 10 January 2025
Lead manager: Nomura

Transaction type: senior-unsecured Kangaroo
Volume: A$100 million (US$69.6 million)
Total outstanding in the line: A$1.1 billion
Coupon type: fixed
Coupon rate: 4%
Issue/re-offer price: 99.960%
Issue yield: 4.02%
Margin: 15bp/s-q swaps
Margin to ACGB: 69.5bp/November 2024