Lead party: African Development Bank (issuer)
Coverage: The Meridian legal market record (editorial).
The African Development Bank has completed its first bond denominated in Moroccan dirhams: MAD 1bn (reported as about US$102m equivalent), announced on 30 October 2026. The seven-year notes pay a floating rate indexed to the Moroccan Overnight Index Average (MONIA) and were placed privately with qualified investors.
The Bank described the issue as a pilot to add the dirham to its funding currencies alongside the euro and US dollar, supporting local-currency lending in Morocco. Arrangers and legal counsel: not disclosed in the sources.
Sources: news.fundsforngos.org; ecofinagency.com
