African Development Bank launches $464 million Kangaroo social bond
Reuters
Published Jun 14, 2021 07:14AM ET
Updated Jun 14, 2021 10:31AM ET
(Corrects to add dropped word "million" in headline and first paragraph)
DAKAR (Reuters) - The African Development Bank said on Monday it is returning to the Australian capital market with the launch of a 5.5-year $464 million Kangaroo social bond.
The development bank said the deal was led by Nomura 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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Written By: Reuters
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