(3 minutes)
· Nasdaq has included the African Development Bank (AfDB), one of the world’s largest issuers of social bonds, in the Nasdaq
Sustainable Bond Network (NSBN)
· NASDAQ has added ten bank bonds to the platform, including its much publicized US$3 billion Fight COVID-19 Social Bond launched
in March 2020.
· This is the largest dollar –denominated social bond ever launched at the time in international capital markets, aiming to help
alleviate the economic and social impact of the pandemic on livelihoods and Africa’s economies.
Nasdaq has included the African Development Bank (AfDB), one of the world’s largest issuers of social bonds, in the Nasdaq Sustainable
Bond Network (NSBN). The NSBN is a global platform designed to improve transparency in the market for green, social, and sustainability
bonds.
NASDAQ has added ten bank bonds to the platform, including its much publicized US$3 billion Fight COVID-19 Social Bond launched in March
2020. This is the largest dollar –denominated social bond ever launched at the time in international capital markets, aiming to help
alleviate the economic and social impact of the pandemic on livelihoods and Africa’s economies.
NASDAQ Sustainable Bond Network was launched in December last year. Since then, more than 40 issuers from 13 countries have added over
4,000 bonds to the platform. AfDB feels that by joining the NASDAQ bond network the African continent can not only fight the pandemic
but also combat poverty in the region.
The African Development Bank since the launch of the Social Bond framework in 2017 has raised the equivalent of US $5.5 billion.
Through five transactions since then, the Bank could support 89 eligible social projects in 28 African countries as of 31 December
2019.
