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Banking

EEMEA market round up: AfDB issues third rand issue

The African Development Bank issued its third bond on the Bond Exchange of South Africa last month. The rand-denominated bond, the ADB03S, together with the ADB01S and ADB02S, which were issued in December 2007, total $408 million. Standard Bank managed and placed the issue. AfDB’s shareholders include 53 African countries and 24 countries from the Americas, Asia, and Europe.

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