• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

AfDB gets recognition for inaugural hybrid capital issuance

AfDB

The Matters Press by The Matters Press
August 1, 2023
Reading Time: 2 mins read
0
Nigeria gets AfDB’s $14m as member of ATI

AfDB

Abuja, Aug. 1, 2023:The African Development Bank(AfDB) Group has received a global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

In a statement issued by the bank, the S and P Global Ratings, assigned an AA-rating to the debut transaction, which it described as the highest rating for hybrid capital.

According to the statement, the proposed issuance will be the first ever by a multilateral development bank.

The hybrid capital will have a multiplier effect on the bank’s financing.

It will allow the issuance of additional green, social and sustainable bonds to finance projects targeting some of the continent’s most critical development challenges.

These include food security, access to water and health services, and climate change.

According to the AfDB’s President, Dr Akinwumi Adesina, global and regional multilateral development banks are being asked to change their business models.

Adesina said the development banks had also been asked to leverage more financing at scale, to tackle climate change and accelerate development.

“The AfDB is a pioneer in financial innovations. Our decision to issue hybrid capital will allow us to leverage more financing from capital markets.

“ This will further accelerate Africa’s growth and development,” Adesina said.
Adesina expressed delight at the historic achievement by the bank.

He said: “We will continue to respond and lead with financial innovations, in response to the need to leverage more financing.

“This is in regards to the global calls for reforms of the global financial architecture,” the bank chief said.

According to the S and P, the AfDB is the first Multilateral Lending Institution (MLI) to incorporate hybrid capital into its capital structure.

“The bank’s hybrid capital initiative has garnered global attention, including from the G20 Capital Adequacy Experts group, which has recommended that other multilateral development banks also explore hybrid capital instruments.”

The AfDB’s Vice President for Finance and Chief Financial Officer, Hassatou N’Sele, said “hybrid capital is a combination of debt and equity, that complements rather than replaces these two sources of finance.”

N’Sele, said : “It is an established financing instrument that is widely used by corporates, financial institutions, insurance companies, and agencies, but has not yet been used by multilateral development banks.

“This is another way to bolster an MDB capital base and optimise its balance sheet.

“And the AfDB is starting a new asset class, hybrid capital, issued by AAA-rated multilateral development banks.”

Tags: AfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

China’s agricultural wholesale products prices continue to drop

FG's expansive agricultural programme excites farmer

Recommended Stories

Police watch out for social media mischief-makers

Police watch out for social media mischief-makers

November 13, 2018
Osinbajo briefs Buhari on economic plan

Osinbajo briefs Buhari on economic plan

January 6, 2021
NAFDAC prevents dangerous Ponmo  from circulation

NESG, others task NAFDAC on laboratory for fortification

October 1, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us