African Development Bank (AfDB) is set to become the first multilateral lender to issue a hybrid note. This is according to the bank’s acting treasurer, Omar Sefiani.

According to Omar, the note which will be sized between $500 million and $1 billion will be issued before the month’s end if the market conditions are right.

For more information, please see https://nairametrics.com/2023/11/21/afdb-to-issue-a-500-million-1-billion-hybrid-capital-note-before-novembers-end/