Debt

The bonds, issued in an amount of €1 billion, are non-callable bullet bonds and will mature in 6 years. They are rated BBB+ by Standard & Poor’s, rank pari passu with the previously issued Tier 2 subordinated notes, and pay a 1.875% fixed rate of interest until October 2022.

NXT Capital, LLC announced the final closing on approximately $312 million in equity for NXT Capital Senior Loan Fund IV, L.P. When coupled with targeted leverage, Senior Loan Fund IV will have approximately $900 million in capital to invest.

On Friday, 30th September 2016, African Development Bank (AfDB), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), successfully launched and priced its inaugural €750mm 10-year EUR benchmark transaction due 7 October 2026.

According to Richard Turnill, BlackRock’s Global Chief Investment Strategist, it’s time to rethink the role of U.S. Treasuries in portfolios, and specifically to be cautious of long-duration Treasuries. The risk-reward landscape for longduration Treasuries is shifting.

Further to the announcement dated 13 September 2016, the Company is pleased to announce that it has issued 4.25% convertible bonds due 2020 (Convertible Bonds) in an aggregate principal amount of EUR 20,000,000 convertible into...