African Development Bank launches new EUR 1 billion 2.500% 5-year Social Benchmark
Cote Dlvoire, May 23 -- On Wednesday 21st May 2025, the African Development Bank "AfDB" rated Aaa/AAA/AAA (all stable) by Moody's / S&P / Fitch, priced a EUR 1 billion 5-year Social Benchmark due May 2030 at Mid-Swaps +28bps, equivalent to OBL 2.4 04/30 + 37.2bps.AfDB took advantage of the constructive market backdrop to return to the EUR market for the first time since May 2024, announcing a new EUR 5-year Global Benchmark Social Bond at 13.00 UKT on Tuesday 20th May. This transaction represents the first social bond issued in the EUR market since September 2022 and under the AfDB's Sustainable Bond Framework that was established in September 2023.The Joint Lead Managers for the transaction were Barclays, Citi, RBC Capital Markets and UBS....
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