Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

“31 years in Nollywood, I never slept with any producer or director” – Veteran Actress Thelma Chukwunwem

FG to sell 753 duplexes seized from Emefiele to Nigerians

Lagos government says viral tenancy law amendment is fabricated

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»AfDB Launches $3bn COVID-19 Bond
Breaking News

AfDB Launches $3bn COVID-19 Bond

DailyblastBy DailyblastMarch 30, 2020012 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The African Development Bank (AfDB) has raised $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.

The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset managers including Socially Responsible Investors, with bids exceeding $4.6 billion.

Related posts:

  1. Trump imposes $15,000 visa bond on African countries
  2. Nnamdi Kanu: Abaribe to claim forfeited N100m bail bond
  3. FG submits application for fresh $1.5bilion, $80million loans from World Bank, AfDB
  4. Future of Nigerian youths lies at home, not in US or Europe – AfDB President Adesina

This was the largest Social Bond ever launched in international capital markets to date, and the largest US Dollar benchmark ever issued by the Bank. It will pay an interest rate of 0.75 per cent.

According to a statement, the AfDB is moving to provide flexible responses aimed at lessening the severe economic and social impact of this pandemic on its regional member countries and Africa’s private sector.

“These are critical times for Africa as it addresses the challenges resulting from the Coronavirus. The African Development Bank is taking bold measures to support African countries. This $3 billion Covid-19 bond issuance is the first part of our comprehensive response that will soon be announced.

“This is indeed the largest social bond transaction to date in capital markets. We are here for Africa, and we will provide significant rapid support for countries,” AfDB President, Dr. Akinwumi Adesina said.

The order book for this record-breaking bond highlights the scale of investor support, which the African Development Bank enjoys, said the arrangers.

“As the Covid-19 outbreak is dangerously threatening Africa, the African Development Bank lives up to its huge responsibilities and deploys funds to assist and prepare the African population, through the financing of access to health and to all other essential goods, services and infrastructure,” said Tanguy Claquin, Head of Sustainable Banking, Crédit Agricole CIB.

  • ThisDay
Post Views: 168
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleCoronavirus: Obiano demands 1billion naira from Buhari
Next Article Mike Adenuga donates 1 billion naira to COVID-19 fund
Dailyblast

Related Posts

Peter Obi rejects Atiku coalition, says I’ll contest 2027 election under Labour Party, I’m going nowhere

May 24, 2025

“This is my father” — Cubana Chief Priest kneels before VP Shettima

May 24, 2025

EFCC arraigns bankers, three others for alleged cybercrime in Lagos

May 23, 2025
Add A Comment

Comments are closed.

Recent Posts
  • “31 years in Nollywood, I never slept with any producer or director” – Veteran Actress Thelma Chukwunwem May 25, 2025
  • FG to sell 753 duplexes seized from Emefiele to Nigerians May 25, 2025
  • Lagos government says viral tenancy law amendment is fabricated May 25, 2025
  • NNPCL shuts down Port Harcourt refinery May 25, 2025
  • Police extradite Nigerian fugitive from UAE Over $307,500 fraud May 25, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,188 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,072 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025597 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,188 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,072 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025597 Views
Our Picks

“31 years in Nollywood, I never slept with any producer or director” – Veteran Actress Thelma Chukwunwem

FG to sell 753 duplexes seized from Emefiele to Nigerians

Lagos government says viral tenancy law amendment is fabricated

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.