Improving Governance in Africa

Accessing Africa's foremost bond markets. Waivers requested for bond issuance in domestic markets Authorization to issue in the domestic market Authorization to freely exchange bond proceeds in any other currency Withholding tax exemption Tax exemption on income and gains to bondholders Confirmation that the bonds will be accorded an asset-risk weighting of 0% AfDB bonds are 0% risk weighted under Basel II Eligibility of the bonds. for bank liquidity ratio requirements AfDB bonds are level 1 assets under Basel III Landmark NGN 12.95 billion 7-year domestic bond in Nigeria First-ever debt program from a supranational issuer $ Issuance in Uganda amounting to UGX 25 billion since 2012 ZAR 650 million 3-year Eurobond in 2014 AfDB and Bloomberg launched the AFMI Bloomberg African Bond Index (ABABI) - 2015 Transparent and credible benchmark indices to provide investors with a tool with which to measure and track the performance of Africa's bond markets ■ Composite index comprised of the Bloomberg South Africa, Egypt, Nigeria and Kenya local currency sovereign indices 38

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