AfDB €1bn 5-year social benchmark bond

Lead party: African Development Bank (issuer)Coverage: The Meridian legal market record (editorial). The AfDB raised €1 billion through a five-year social benchmark bond priced on 14 October 2026 at a 3.562% yield. Books exceeded €1.75 billion. The notes pay 3.500% and mature 21 October 2031. It follows a €1.25 billion seven-year social bond in June.…


Lead party: African Development Bank (issuer)

Coverage: The Meridian legal market record (editorial).

The AfDB raised €1 billion through a five-year social benchmark bond priced on 14 October 2026 at a 3.562% yield. Books exceeded €1.75 billion. The notes pay 3.500% and mature 21 October 2031. It follows a €1.25 billion seven-year social bond in June. Barclays, Deutsche Bank, HSBC and Natixis were joint lead managers. No law firms are named.

Value (as reported): €1 billion.

Other advisers: Barclays, Deutsche Bank, HSBC, Natixis (joint lead managers).

Parties: Issuer: African Development Bank.

Jurisdiction (as reported): Pan-African · Sector (as reported): DFI / Debt capital markets.

Source: LinkedIn firm publication, posted 19 October 2026. Meridian record LI-DL-2026-0274.