African Development Bank achieves Global First: Issues Highest Rated Hybrid Capital by a Multilateral Development Bank.

July 31, 2023 AELEX Admin 0 Comments

The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The S&P Global Ratings assigned an AA-rating to the debut transaction, the highest rating for hybrid capital. The proposed issuance would be the first ever by a multilateral development bank.Read more

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