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bonds

EBRD issues $1.5 bln 5-year Global Bond

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The FINANCIAL — The European Bank for Reconstruction and Development (EBRD, Aaa/AAA/AAA) successfully launched a USD 1.5 billion Global bond issue, the Issuer’s third USD benchmark since the beginning of the year, and follows on from their USD 1.5bn 3-year in June.  Encouraged by a positive global market backdrop following positive COVID-19 vaccine news and strong momentum in the primary markets, EBRD accessed the market swiftly to price the tightest 5-year SSA USD transaction versus mid-swap in 18 months. The mandate for a new USD 1bn 5-year transaction was announced on Tuesday 17th November at 2pm UKT with Initial Pricing…

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EBRD issues $1.5 bln 5-year Global Bond

1 min read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD, Aaa/AAA/AAA) successfully launched a USD 1.5 billion Global bond issue, the Issuer’s third USD benchmark since the beginning of the year, and follows on from their USD 1.5bn 3-year in June.  Encouraged by a positive global market backdrop following positive COVID-19 vaccine news and…

EBRD and EU help DAMAMAX to improve telecommunications services in Jordan

1 min read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up to US$ 5 million to Jordan’s telecommunications provider Al-Hadatha Telecom and Technology PSC (DAMAMAX) to support the expansion of the company’s fibre-to-the-premises (FTTx) services. A loan of up to US$ 4.5 million by the EBRD provided in…

ADB issues first green bonds auctioned and listed on the Kazakhstan Stock Exchange

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The FINANCIAL — The Asian Development Bank (ADB) has raised almost 14 billion Kazakhstan tenge (KZT) ($32 million) in the first green bonds auctioned and listed on the Kazakhstan Stock Exchange. Proceeds of the bond issued under ADB’s Green Bond Framework will finance ADB’s portfolio of climate change adaptation and mitigation projects in Kazakhstan. The two-year KZT10.09…

Lufthansa appoints Remco Steenbergen as new CFO

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The FINANCIAL — The Supervisory Board of Deutsche Lufthansa AG appointed Remco Steenbergen as a new member of the company’s Executive Board. Remco Steenbergen will assume the position of Chief Financial Officer effective 1 January 2021. His contract will run until 31 December 2023. After the resignation of Ulrik Svensson and Thorsten Dirks, Carsten Spohr,…

World Bank prices long-dated Australian Dollar Bonds Totaling AUD 1.65 bln

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The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a long-dated 5-year AUD 1.1 billion and a 10-year AUD 550 million Sustainable Development Bond representing IBRD’s largest-ever AUD issuance and the largest for the Sovereigns, Supranationals, and Agencies (SSA) issuer segment in the Kangaroo market in a single outing.…

Bank of America announced 10 completed equity investments in MDIs and CDFI banks

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The FINANCIAL — On June 2, Bank of America made a $1 billion, four-year commitment to advance racial equality and economic opportunity, of which $50 million is dedicated to support minority depository institutions (MDIs) and community development financial institution (CDFI) banks. As part of that commitment, today the company is announcing it has now completed 10…

EU Commission issued €17 bln EU SURE social bonds

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The FINANCIAL — The European Commission issued a €17 billion inaugural social bond under the EU SURE instrument to help protect jobs and keep people in work. The issuing consisted of two bonds, with €10 billion due for repayment in October 2030 and €7 billion due for repayment in 2040. There was very strong investor…

PepsiCo released update on $1 bln Green Bonds

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The FINANCIAL — PepsiCo, Inc. (NASDAQ:PEP) released its 2020 Green Bond Report which provides an update on the allocation of the use of net proceeds from its first ever Green Bond, issued in October 2019 for $1 billion. As disclosed at issuance, the Green Bond’s net proceeds are to be allocated to investments where PepsiCo believes it can make a…