Bond Africa Development Bank 0.5% ( XS0739767746 ) in ZAR

Issuer	Africa Development Bank
Market price	100 % ⇌
Country	Côte d'Ivoire
ISIN code	XS0739767746 ( in ZAR )
Interest rate	0.5% per year ( payment 1 time a year)
Maturity	23/02/2022 - Bond has expired
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Minimal amount	100 000 ZAR
Total amount	600 000 000 ZAR
Detailed description	The African Development Bank (AfDB) is a multilateral development finance institution that provides loans and grants to African countries for projects aimed at economic and social development. An analysis of a specific debt instrument highlights a recently matured bond issued by the African Development Bank (AfDB), a prominent multilateral development finance institution established with the primary objective of fostering sustainable economic development and social progress across its African member countries. The AfDB's strategic focus is on combating poverty and enhancing living standards through the strategic deployment of public and private capital into projects and programs that significantly contribute to the economic and social advancement of the continent. The bond in question, identified by ISIN Code XS0739767746, was issued from Cote d'Ivoire and denominated in South African Rand (ZAR), with a substantial total issue size of ZAR 600,000,000. It offered a fixed interest rate of 0.5% and required a minimum purchase size of ZAR 100,000. Prior to its maturity, the instrument's market price was noted at 100% of its par value. With an annual payment frequency, the bond's definitive maturity date was set for February 23, 2022. It has been confirmed that this obligation successfully reached its maturity and has been fully repaid to its bondholders, thereby fulfilling all its outstanding commitments.