Cote Dlvoire, Sept. 24 -- On Tuesday 23 September, the African Development Bank ("AfDB"), rated Aaa/AAA/AAA (Moody's/S&P/Fitch) successfully launched and priced its second hybrid capital transaction, a USD 500 million perpetual subordinated hybrid capital notes, at an initial coupon of 5.875% (annual) until August 2035, with a first call date at the Bank's discretion in 10 years. The high quality of the order book highlights the growing consolidation of an investor base supportive of the product.The success of this second hybrid capital transaction highlights the AfDB's pioneering role in using innovative solutions to optimize its balance sheet, in line with the G20 recommendations, while also playing a key role in the further development o...