AfDB supports Absa’s sustainable lending with ZAR 2.7 billion subordinated financing and $150 million trade finance facility
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 (US $92.7m); an investment of ZAR 1bn into Absa’s inaugural social bond issuance to be listed on the Johannesburg Stock Exchange; and a trade finance Risk Participation Agreement (RPA) facility for $150 million.
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Posted on Nov 7, 2023 Region: South Africa
trade finance sustainable finance, AfDB, ABSA, Ahmed Attout, Parin Gokaldas
