AfDB wins award for COVID-19 bond issue1 min read

The African Development Bank (AfDB) was selected in a poll of bond market players as the best issuer in the year of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27.
The winners of the GlobalCapital Bond Awards were announced last month at a virtual ceremony held for the first time in 12 years.
GlobalCapital is a leading source of information on global capital markets with coverage of all market segments.
The Fight COVID-19 bond, floated on the Luxembourg Stock Exchange and significantly oversubscribed, was the world’s largest social bond at time of issuance.
The bond has since been listed on the London Stock Exchange and was admitted on the Nasdaq Sustainable Bond Platform. Bond proceeds, with a three-year maturity, will go to alleviate the impact of the pandemic on livelihoods and Africa’s economies.

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