The African Development Bank said on Monday that it is returning to the Australian capital market with the launch of a 5.5-year $464 Kangaroo social bond.
The development bank said the deal was led by Nomura (9716.T) and RBC Capital Markets.
It added that the second social bond, following a $3.1 billion 3-year issue launched last year to fight the coronavirus pandemic, will be used to improve access to electricity, water and sanitation, and other social programmes in the continent.
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June 14, 2021 at 06:14PM
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African Development Bank launches $464 Kangaroo social bond - Reuters
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