By Rebecca Melvin
New York, June 17 – Eastern and Southern African Trade and Development Bank (TDB) recently priced $500 million 4 7/8% five-year notes, which were approved for listing on the Mauritius Stock Exchange, representing the second listing for the notes, which were also admitted for trading on the Irish Stock Exchange, according to a news release on Monday.
The notes (Baa3//BB+) priced at 99.453 to yield 5% and were brought under the bank’s $2 billion euro medium-term note program.
Citigroup, Commerzbank, Emirates NBD Bank, MUFG, SMBC Nikko Capital Markets and Standard Chartered Bank were bookrunners of the Regulation S deal.
The issue date was May 23.
The African lender is based in Reduit, Mauritius, and Bujumbura, Burundi.
| Issuer: | Eastern and Southern African Trade and Development Bank
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | May 23, 2024
|
| Bookrunners: | Citigroup, Commerzbank, Emirates NBD Bank, MUFG, SMBC Nikko Capital Markets, and Standard Chartered Bank
|
| Coupon: | 4 7/8%
|
| Price: | 99.453
|
| Yield: | 5%
|
| Issue date: | May 23
|
| Ratings: | Moody’s: Baa3
|
| Fitch: BB+
|
| Distribution: | Regulation S
|
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