AfDB issues first-ever SOFR-linked transaction in Green bond market

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AfDB issues first-ever SOFR-linked transaction in Green bond market
01 December 2018, Sweetcrude, Abidjan, Côte d’Ivoire — The African Development Bank rated Aaa/AAA/AAA by Moody’s/S&P/Fitch (all stable) successfully priced a dual-tranche US$ 500 million 3-year and US$ 100 million 2-year SOFR-linked Green bond, becoming the first issuer to bring to the market a SOFR-linked Green Bond transaction. The fixed rate tranche, oversubscribed within three hours … More »
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