Published on 7/18/2019 in the Prospect News Emerging Markets Daily.
New Issue: Eastern and Southern African Trade sells $250 million 4 7/8% notes due 2024
By Marisa Wong
Los Angeles, July 18 – Eastern and Southern African Trade and Development Bank issued $250 million of 4 7/8% notes due 2024, according to a notice.
Formerly PTA Bank, the issuer provides project and infrastructure finance and trade finance products and services in Eastern and Southern Africa. The bank is based in Bujumbura, Burundi.
| Issuer: | Eastern and Southern African Trade and Development Bank
|
| Issue: | Notes
|
| Amount: | $250 million
|
| Maturity: | 2024
|
| Coupon: | 4 7/8%
|
| Announcement date: | July 18
|
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