Bond Africa Development Bank 13% ( XS1550940958 ) in NGN

Issuer	Africa Development Bank
Market price	100 % ⇌
Country	Côte d'Ivoire
ISIN code	XS1550940958 ( in NGN )
Interest rate	13% per year ( payment 1 time a year)
Maturity	17/01/2022 - Bond has expired
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Minimal amount	1 000 000 NGN
Total amount	9 750 000 000 NGN
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. A comprehensive analysis confirms the successful maturity and subsequent redemption of the African Development Bank's (AfDB) bond, identified by ISIN XS1550940958, which reached its maturity date on January 17, 2022, and was fully repaid to investors at its 100% market price, thereby fulfilling the terms of this debt instrument that originated from Côte d'Ivoire, was denominated in Nigerian Naira (NGN), offered an annual interest rate of 13%, represented a total issue size of NGN 9,750,000,000, and allowed for a minimum investment of NGN 1,000,000, underscoring the financial integrity and operational effectiveness of the African Development Bank itself?a prominent multilateral development finance institution established in 1964 with the overarching mission to spur sustainable economic development and social progress across its regional member countries through strategic investments and policy advice, making it a key player in Africa's financial landscape.