- AfDB prices record A$1bn ($660mn) five-year social bond in Australia
- Order books top A$2.6bn as demand surges for AAA debt
ABIDJAN, COTE D’IVOIRE – The African Development Bank has returned to Australia’s debt market with a record A$1 billion ($660 million) five-year social bond, riding strong global demand for highly rated supranational issuers.
The bond, sold in the so-called Kangaroo market – Australian dollar debt issued by foreign borrowers – underscores investors’ appetite for yield without sacrificing credit quality, amid continued volatility in global markets.
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