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- The West African Development Bank “BOAD” leads the way in innovation with landmark record-breaking $500 million public hybrid issuance
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Banque Ouest Africaine de Développement (BOAD) |
The West African Development Bank “BOAD” leads the way in innovation with landmark record-breaking $500 million public hybrid issuance
This transaction attracted significant and diversified investors driven by the strong credit profile of BOAD and the characteristics of the structure
The West African Development Bank “BOAD” (www.BOAD.org/en/) continues to lead in financial innovation with the successful issuance of a $500 million sustainable hybrid bond on the international capital market. This deeply subordinated instrument carries a 30-year maturity with a five-year non-call period, for an equivalent EUR coupon rate of 5.9%.…
