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/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Prinesha Naidoo and Antony Sguazzin

March 27, 2020 at 2:27 PM UTC

Corrected

March 29, 2020 at 2:05 PM UTC

This article is for subscribers only.

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.

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.