The ‘Fight Covid-19 Social bond’, with a 3-year maturity, pooled interest from central banks and official institutions, bank treasuries, and asset managers including Socially Responsible Investors, with bids exceeding $4.6 billion. This is the largest dollar denominated Social Bond ever launched in international capital markets to date, and the largest US Dollar benchmark ever issued by the Bank. It will pay an interest rate of 0.75%.
AfDB aims at lessening the severe economic and social impact of this pandemic on its regional member countries and Africa’s private sector.
