Burundi’s Eastern and Southern African Trade sets talk at 5 5/8% area for dollar five-year notes

By Christine Van Dusen

Atlanta, March 7 – The Eastern and Southern African Trade and Development Bank (TDB) set talk in the 5 5/8% area for a dollar-denominated and benchmark-sized offering of five-year notes, a market source said.

Commerzbank, MUFG and Standard Chartered Bank are the bookrunners for the Regulation S offering.

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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