Economics
AfDB Issues World’s Biggest Dollar Social Bond
- African Development Bank sells $3 billion of three-year notes
- Bank says it received $4.6 billion in bids for the securities
A worker performs a temperature scan on a resident at a temporary hand-washing station set up by Shining Hope for Communities (SHOFCO) in the Kibera informal settlement in Nairobi, Kenya.
Photographer: Patrick Meinhardt/BloombergThis article is for subscribers only.
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The African Development Bank said it issued the world’s biggest dollar social bond yet by selling $3 billion of notes to fight the impact of the coronavirus on the continent.