Business Services Industry
AFRICAN DEVELOPMENT BANK MULLS $A BOND.
AsiaPulse News, October, 2004
SYDNEY, Oct 6 Asia Pulse - African Development Bank (AfDB), the development bank for the African continent, today said it was mulling an inaugural Australian dollar Kangaroo bond with a likely five-year maturity and a minimum size of $A200 million ($US144.62 million).
The bank, which is in Australia this week for an investor roadshow, said the timing and structure of the deal is still to be finalised.
"We are looking at a five-year transaction because it is the focus of a lot of demand and is the tenor that is most relevant for most supranational institutions," AfDB treasury department manager Thiebaut Julin told AAP in an interview.
"It would have more value for investor and for us as an issuer.
"Size is an issue and from the discussions...
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