The African Development Bank launches USD 1 billion 4.125% Global Benchmark due January 2036
Cote Dlvoire, Jan. 19 -- On Wednesday 14th January, the African Development Bank ("AfDB"), rated Aaa/AAA/AAA (Moody's/S&P/Fitch) successfully priced a new USD 1 billion 10-year Global Benchmark due January 2036, the Bank's first USD benchmark of the year. This transaction is the Bank's second 10-year USD benchmark following the inaugural USD 1 billion 10-year issued in June 2025.At USD 6.4 billion, this transaction marks the Bank's largest-ever orderbook for a single-tranche issuance. The transaction garnered strong support from the global investor community, enabling the Bank to tighten pricing by 4bps from IPTs and achieve a final spread of 7.8bps versus USTs-4 bps tighter than its inaugural USD 10-year transaction in June 2025.Distributi...
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