The African Development Bank launches AUD 1 billion 4.6% 5-Year Kangaroo Social Bond due January 2031
Cote Dlvoire, Jan. 20 -- On Tuesday 13th January, the African Development Bank ("AfDB"), rated Aaa/AAA/AAA (Moody's/S&P/Fitch) successfully priced a new AUD 1 billion 5-Year Social Kangaroo Benchmark at ASW+40bps, equivalent to ACGB Dec-30 + 40.7bps. The Bank prepared well ahead to be able to react swiftly to the constructive market tone and clear issuance window to launch the first new AUD benchmark since February 2025, an AUD 5-Year Benchmark Social Bond.Transaction ExecutionThe Bank announced a new AUD 5-Year Social Benchmark just after 09.30 AEDT on Monday 12th January 2026. Guidance of ASW+40bps s/q area was communicated alongside the mandate.The transaction enjoyed a very strong reception from the outset, with orderbooks in excess of ...
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