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Eastern and Southern African Trade and Development Bank sets roadshow for five-year dollar notes
By Christine Van Dusen
Atlanta, Feb. 27 – The Eastern and Southern African Trade and Development Bank (TDB) will set out on March 1 for a roadshow to market a dollar-denominated offering of notes due in five years, a market source said.
Commerzbank, MUFG and Standard Chartered Bank are the bookrunners for the Regulation S offering.
The roadshow will begin in Switzerland and travel to Germany, Singapore, London and Hong Kong before concluding on March 6 in London and the United Arab Emirates.
The company has also announced a tender offer for up to $100 million of its outstanding 6 3/8% notes due Dec. 6, 2018.
The lender is based in Bujumbura, Burundi.
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