West African Development Bank receives support from Global investors for its first bond issue

WEST AFRICA – West African Development Bank (BOAD) has issued its first bond with sustainable development objectives (Sustainability Bonds) and has since received a welcome from Global investors. This issue amounting to €750 million (US$902) with a 12-year maturity, attracted more than 260 investors across the world (40% from the United Kingdom, 40% from Europe, 17% from the United States, 2% from Asia, and 1% from the Middle East), It also includes 75% asset managers and 21% institutional investors (banks, insurance companies and pension funds). The issue was oversubscribed six…

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