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Congratulations to Hassatou N'Sele, Omar Sefiani and Keith Werner of the African Development Bank Group for its issuance of a Sustainable USD750m PNC10.5 subordinated hybrid note. This deal, recognized by CMDportal as a TopDeal is the first public offering of hybrid capital by a multilateral development bank. The overwhelming success of the offer has essentially created an entirely new market and asset class, paving the way for other MDBs to follow suit. The issuance of hybrid capital by MDBs allows additional leverage of their capital base enabling them to make further strides towards their respective missions. We equally congratulate Dorothée Amar and Pascal Bourgi of Goldman Sachs, Benjamin de Forton, Gilles Renaudière and Franck Rizzoli of BNP Paribas, Yumi Yang of Barclays and François Planque of Bank of America for the excellent execution as well as all the investors involved in this deal. Click on the link below to read the full TopDeal reasoning and deal statement with commentary. https://lnkd.in/euVj-p6E #bondmarkets #capitalmarkets #fixedincome #debtcapitalmarkets #hybridcapital #subordinateddebt #sustainableinvesting #ESG

TOPDEAL: 62.5BPS TIGHTER + 4.35BN EXCESS USD PNC10.5 SSA AA- DEMAND FOR AFDB - SUSTAINABLE HYBRID

TOPDEAL: 62.5BPS TIGHTER + 4.35BN EXCESS USD PNC10.5 SSA AA- DEMAND FOR AFDB - SUSTAINABLE HYBRID

cmdportal.com

Oulimata KANE

Senior HR Business Partner, West & Central Africa - IFC (International Finance Corporation)

9mo

Well done Hassatou N'Sele ! Cheers to more success to come your way.

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Hassatou Diop N'Sele

Vice-President Finance & CFO, African Development Bank Group

9mo

@

Fatim Sow

Leadership Coaching for Business Owners and Executives | Jungian Life Coach

9mo

This is really amazing. Kudos!

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