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African financial company issues first $431 million digital bond – TON BOT

African financial company issues first $431 million digital bond

Africa Finance Corporation issued a $431 million five-year digital bond through SIX, becoming the first African institution to do so on a regulated exchange and central securities depository. The bond has a coupon rate of 1.4925% and investor demand mainly came from Swiss accounts. Proceeds will fund infrastructure projects in Africa.


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