• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

AfDB launches first ESG African frontier-currency bond

3 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
74
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

AfDB launches first ESG African frontier-currency bond

The African Development Bank (AfDB) on 14 June 2022 launched a US$5.07 million 2-year theme bond, the first-ever African frontier currency-denominated environmental, social and governance (ESG) issuance by a multilateral development institution.

The bond, due June 2024, will be settled in dollars at a fixed coupon of 10.5%. It was issued under the African Development Bank Group’s ‘Feed Africa’ strategic High 5 and marks the Bank’s first offshore UGX bond issuance in 2022.

Standard Chartered Bank arranged the transaction under the Bank’s Global Debt Issuance Facility Capitulum Asset Management was the investor.

The Bank will direct funds equal to the net proceeds of the issue to lending projects that advance the ‘Feed Africa’ strategic priority, in accordance with its lending standards.

Keith Werner, AfDB Division Manager for Capital Markets and Financial Operations, said: “The African Development Bank is very pleased to collaborate with Standard Chartered Bank and Capitulum Asset Management to launch this inaugural African frontier currency ESG transaction, contributing to our High-5 development priorities while extending our investor reach in Europe.”

Under its Feed Africa strategy, the Bank is working to (i) contribute to reduce poverty; (ii) end hunger and malnutrition; (iii) make Africa a net food exporter; and (iv) move Africa to the top of export-orientated value chains where it has a comparative advantage. Feed Africa’s overall goal is to make Africa a net food exporter by 2025.

RelatedPosts

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

Ghana Health Service, PharmAccess ink MoU to roll out SafeCare Nationwide for Quality Healthcare Improvement

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

Theodor Kirschner, fund manager at Capitulum Asset Management said: “Our participation in the African Development Bank’s Ugandan shilling bond funding the ‘Feed Africa’ program helps us to reach our goal to invest with a positive impact while providing an adequate yield in a frontier currency.”

Dain Sherborne, head of EM SSA Bond Trading and Annemarie Ganatra, head of MTNs at Standard Chartered Bank, said: “We are delighted that our core strengths in African markets have enabled us to arrange this ‘Feed Africa’ theme bond issuance for AfDB. We look forward to continuing to strengthen our partnership with multilateral development banks to help them achieve their common goals.”

Tags: AfDB launches first ESG African frontier-currency bondAfrican Development Bank (AfDB)ESGGlobal Debt Issuance Facility Capitulum Asset Management
No Result
View All Result

Highlights

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

Cedi@60: BoG Governor Hails Currency’s Resilience, Pledges Stronger Policy Transparency and Digital Innovation

GAB CEO Urge Ghanaians to Prioritise Use of Cedi 

GAB CEO Urges Ghanaians to Support Efforts in Safeguarding Cedi Stability

From Shells to Screens: Experience 60 Years of the Ghana Cedi in Augmented Reality

Gold Price Bounces Back Above $4,000

Trending

Business

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

October 28, 2025

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses Ghana’s...

Ghana Health Service, PharmAccess ink MoU to roll out SafeCare Nationwide for Quality Healthcare Improvement

October 28, 2025

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

October 28, 2025

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

October 28, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

Cedi@60: BoG Governor Hails Currency’s Resilience, Pledges Stronger Policy Transparency and Digital Innovation

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.