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AFD Successfully Prices a New 5.375% US$1.5 Billion Sustainable Benchmark Due 24th October 2025

L’Agence française de développement émet un nouvel emprunt obligataire à 15 ans de 1,25 milliards d’euros

On Tuesday 17th October, Agence Française de Développement (AFD), rated AA /AA- (S&P / Fitch), issued its second US dollar benchmark of the year, a US$1.5 billion 2-year sustainable benchmark due on the 24th October 2025 which offers a spread of 40bps over the SOFR mid-swap curve. This transaction is a success for AFD with the largest orderbook since 2020 on a dollar transaction.