16 January 2025

The African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch) / AAA (Japan Credit Rating), has launched and priced a new GBP 500 million 3-year Benchmark transaction due February 1st, 2028. The bond pays a coupon of 4.625% with a re-offer yield of 4.704% and a reoffer price of 99.778%.

The new 3-year GBP transaction marks AfDB’s first Benchmark issuance in 2025 and successful return to the GBP market since 2023.

Source: African Development Bank Group