African Development Bank Group

12/17/2024 | Press release | Distributed by Public on 12/17/2024 06:38

Development Bank Quarterly Report (Form QRTLYRPT)

AFRICAN DEVELOPMENT BANK
BANQUE AFRICAINE DE DEVELOPPEMENT

File No 83-4
Regulation AFDB
Sections 288.2 and
288.4(a), (b) and (c)

SECURITIES AND EXCHANGE COMMISSION (THE "COMMISSION")
WASHINGTON D.C. 20549
PERIODIC REPORT

Persuant to Sections 288.2 and 288.4(a), (b) and (c) of Regulation AFDB (17 C.F.R. Part 288) adopted pursuant to Section 9(a) of the African Development Bank Act (22 USC Sec. 290i-9(a)), the African Development Bank hereby submits the information described below.

QUARTER ENDED 30 SEPTEMBER 2024
(the "Quarter")
AFRICAN DEVELOPMENT BANK (the "Bank")
ABIDJAN, COTE D'IVOIRE

1. Information concerning any purchases or sales by the Bank of its primary obligations during the Quarter:

Borrowing transactions

Description Type of Transaction Trade Date Value Date Maturity Date Amount in currency (million) Dealer

INR 625 million JPY-settled Zero-Coupon Notes

Borrowing

03-Jul-24

17-Jul-24

17-Jul-30

INR 418.75

BNP Paribas

CNY 350 million Fixed Rate Notes Tap 1

Borrowing

05-Jul-24

12-Jul-24

19-Sep-25

CNY 350.00

Standard Chartered Bank

AUD 100 million Kangaroo Bond Fixed Rates Tap 6

Borrowing

23-Jul-24

30-Jul-24

08-Aug-28

AUD 100.00

UBS AG, Australia Branch

USD 5 million Feed Africa Fixed Rate Callable Notes

Borrowing

01-Aug-24

21-Aug-24

21-Aug-34

USD 5.00

Nomura International. Plc

USD 6 million Fixed Rate Notes

Borrowing

22-Aug-24

30-Aug-24

30-Aug-25

USD 6.00

Standard Chartered Bank

JPY 1 billion Callable FX-Linked Notes

Borrowing

22-Aug-24

05-Sep-24

04-Sep-54

JPY 1,000.00

JP Morgan

USD 2 billion Social Fixed Rate Notes

Borrowing

10-Sep-24

18-Sep-24

18-Sep-29

USD 2,000.00

Bank of America Merrill Lynch/ BMO Capital Markets/ Citi/ Goldman Sachs International/ Morgan Stanley

USD 10 million Fixed Rate Notes

Borrowing

11-Sep-24

19-Sep-24

19-Sep-25

USD 10.00

NatWest Markets Plc

HKD 200 million Fixed Rate Notes

Borrowing

24-Sep-24

10-Oct-24

10-Oct-25

HKD 200.00

Credit Agricole Corporate & Investment Bank

JPY 200 million Callable Fixed / FX Linked Notes

Borrowing

26-Sep-24

22-Oct-24

23-Oct-54

JPY 200.00

MUFG Securities EMEA plc

USD 8 million Light Up and Power Africa (TZS linked) Fixed Rate Notes

Borrowing

30-Sep-24

07-Oct-24

15-Dec-25

USD 8.00

ING Bank N.V

ECP transactions

The Bank did not execute any ECP transaction during the Quarter.

Matured bonds

The Bank redeemed in full the following amounts in respect of its primary obligations during the Quarter:

Description

Trade Date

Value Date

Maturity Date

Amount Redeemed (million)

NGN 10 billion denominated USD settled Fixed Rate Notes

19-Jun-23

03-Jul-23

03-Jul-24

NGN 10,000.00

MXN 200 million Fixed Rate Notes

29-Jun-22

08-Jul-22

08-Jul-24

MXN 200.00

USD 10 million (TZS linked) Fixed Rate Notes

09-Jan-23

17-Jan-23

17-Jul-24

USD 10.00

MXN 21 million Improve the quality of life for the people of Africa Fixed Rate Notes

16-Jun-22

22-Jul-22

25-Jul-24

MXN 21.00

IDR 20 billion Improve the Quality of Life for the People of Africa Fixed Rate Notes

03-Jun-20

29-Jul-20

30-Jul-24

IDR 20,000.00

USD 6 million Fixed Rate Notes

01-Aug-23

09-Aug-23

09-Aug-24

USD 6.00

TRY 40 million Zero Coupon Notes

01-Aug-19

28-Aug-19

228-Aug-24

TRY 40.00

USD 8 million (TZS linked) Fixed Rate Notes

24-Jan-23

02-Feb-23

02-Sep-24

USD 8.00

USD 7.5 million (BWP linked) Fixed Rate Notes

21-Aug-19

06-Sep-19

06-Sep-24

USD 7.50

CNY 160 million Fixed Rate Notes

01-Mar-23

08-Mar-23

08-Sep-24

CNY 160.00

BWP 70 million denominated USD settled Fixed Rate Notes

31-Aug-23

08-Sep-23

08-Sep-24

BWP 70.00

USD 8 million (BWP linked) Fixed Rate Notes

07-Sep-22

14-Sep-22

14-Sep-24

USD 8.00

TRY 7.5 million Fixed Rate Notes

08-Aug-19

19-Sep-19

20-Sep-24

TRY 7.50

TRY 13.5 million Zero Coupon Notes

08-Aug-19

19-Sep-19

20-Sep-24

TRY 13.50

HKD 130 million Fixed Rate Notes

15-Sep-23

22-Sep-23

22-Sep-24

HKD 130.00

IDR 28 billion Improve the Quality of Life for the People of Africa Fixed Rate Notes

21-Jul-20

29-Sep-20

30-Sep-24

IDR 28,000.00

Matured ECP transactions

No ECP transactions matured during the Quarter.

Buyback transactions

Description

Buyback Date

Settlement Date

Original Maturity Date

Repurchase Amount(million)

Buyback portion

Arranger

USD 100 million Fixed Rate Notes

05-Jul-24

09-Jul-24

14-Sept-29

USD 100.00

Full Amount

Citigroup Global Market

Callable bonds

Description

Trade Date

Value Date

Maturity Date

Amount Redeemed (million)

Call Date

Dealer

JPY 100 million Fixed/ FX Linked Callable Notes

3-Jun-14

18-Jun-14

1-Feb-34

JPY 100.00

1-Aug-24

SMBC Nikko Capital Markets Limited

JPY 1,400 million Callable Power Reverse Dual Currency Notes

8-Jul-14

1-Aug-14

1-Aug-34

JPY 1,400.00

1-Aug-24

Shinkin International Ltd

JPY 100 million Fixed / FX Linked Callable Notes

10-Sep-14

26-Sep-14

1-Aug-44

JPY 100.00

1-Aug-24

SMBC Nikko Capital Markets Limited

2. Attached hereto please find a soft copy of the Bank's annual financial statement for the period ending 30 September 2024.

3. With regards to Section 288.2(a)(3) of Regulation AFDB the Bank states that:

No material modifications or amendments of any exhibits previously filed with the Commission under any statute were made during the Quarter.

Pursuant to the requirement of Section 288.4(a) of Regulation AFDB, this Report has been signed on behalf of the African Development Bank by the undersigned who is a duly authorized officer thereof.

Yours Faithfully,

OMAR SEFIANI

Treasurer