AFD Issues Its First Ever Off-Shore Chinese Renminbi (CNH) Bond
published on 11 March 2022
On March, 10th Agence Française de Développement (AFD) priced its first ever Offshore Chinese Renminbi linked bond.
The transaction represents the second local currency transaction for AFD after the issuance of an off-shore Dominican Peso Bond earlier this year. This inaugural CNH transaction was issued under AFD’s EMTN Debt Issuance Program and arranged by BofA Securities.
This issuance further reinforces AFD’s strategy in diversifying funding across frontier currencies.
The bond has a maturity of 1 year, pays a fixed rate coupon of 3.03% (payable annually) and has a notional of CNH 400 Million, which is equivalent to approximately EUR 57.28 Million.
The bond will be listed in Euronext Paris.
Contact: _AFD_Funding@afd.fr
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