BOAD raises US$850 million in its second debt issuance on the international capital markets
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, AUSTRALIA OR JAPAN
BOAD raises US$850 million in its second debt issuance on the international capital markets
Lomé, 18 August 2017
On July 25, 2017, the West African Development Bank (“BOAD”) successfully issued its US$850,000,000 5.000 per cent. Notes due 2027 (the “Notes”). The Notes were issued to investors at a price of 98.074 per cent. of the principal amount and are constituted by and subject to, and have the benefit of, a trust deed dated July 27, 2017 among BOAD and Citicorp Trustee Company Limited, as trustee. BOAD intends to use the net proceeds from the issuance to fund its general financing activities.
For more information, please contact
[Direction de la Communication, du Marketing et des Relations Publiques
Tel.: +228 22 23 25 65
Fax: +228 22 23 24 38
Email: boadsiege@boad.org]
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, AUSTRALIA OR JAPAN.
This communication shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws. The Notes were offered inside the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.
This communication does not constitute an offer of securities to the public in the United Kingdom. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended from time to time (the “Order”), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.