African Development Bank approve $150 million trade finance facility for Absa Group Limited

The Board of Directors of the African Development Bank has approved a financial package for Absa Group Limited comprising a sustainability-linked loan for an amount of ZAR 1.7 billion; an investment of ZAR 1 billion into Absa’s inaugural social bond issuance to be listed on the Johannesburg Stock Exchange; and a trade finance Risk Participation

Related Keywords

Johannesburg ,Gauteng ,South Africa ,Leila Mokaddem ,Ahmed Attout ,Parin Gokaldas ,Absa Group ,Johannesburg Stock Exchange ,African Development Bank ,Financial Sector Development Department ,African Development Bank Southern Africa Region ,Absa Group Treasurer ,Absa Group Limited ,Risk Participation Agreement ,African Development ,Transition States ,Director General ,Southern Africa Region ,Sustainable Finance Issuance Framework ,Acting Director ,