Allen & Overy advises on African Development Bank's first ever Sustainable Hybrid Capital transaction

African Development Bank is the first multilateral development bank (MDBs) to issue a hybrid capital instrument. This is a ground breaking transaction which is expected to provide AfDB and other MDBs a new tool to bolster their capital base and optimise their balance sheet. 

The proceeds of the Notes will be used to fund green and/or social projects in line with African Development Bank’s Sustainable Bond Framework.