On its website, the Netherlands-African Business Council (NABC) highlights a USD 6 million equivalent, 2-year synthetic local-currency bond, issued by the African Development Bank (AfDB), with structuring, arranging and hedging support of NABC member TCX.

‘This is an incredibly powerful and relevant transaction,’ said Ruurd Brouwer, CEO of TCX. ‘It supports the funding efforts of the issuer, it increases TCX’s hedging capacity, it creates a new investor asset class, and it raises the profile of local-currency securities while adding liquidity to local-currency yield curves.’

Please read the full NABC article here.