African supranational Eurobonds, explained
Eurobonds issued by African multilateral lenders — development and trade banks owned by several states together — 9 bonds from 3 issuers. A lender owned by many governments has no single country of risk, so each is shown with the region its membership covers, as its own document states it. Every term on these pages is read from the issuer’s own document, and the page says which.
Live prices for all of them are on one page →
The bonds, by issuer
Africa Finance Corporation
Region: Pan-African: 44 African member countries and three multilateral financial institutions.
- AFC 2.875% 2028 · 28 April 2028 · price only, yield withheld
- AFC 5.55% 2029 · 8 October 2029 · price only, yield withheld
- AFC 5.375% 2031 · 23 June 2031 · price only, yield withheld
- AFC 7.5% perpetual · Perpetual — no maturity date · price only, yield withheld
Banque Ouest Africaine de Développement
Region: West Africa: its shareholders include the eight member states of the WAEMU.
- BOAD 5% 2027 · 27 July 2027 · price only, yield withheld
- BOAD 4.7% 2031 · 22 October 2031 · price only, yield withheld
- BOAD 2.75% 2033 · 22 January 2033 · price only, yield withheld
- BOAD 8.2% 2055 · 13 February 2055 · price only, yield withheld
Eastern and Southern African Trade and Development Bank
Region: Eastern and Southern Africa, the region in the Bank’s name.
- TDB 4.125% 2028 · 30 June 2028 · price only, yield withheld
What is different about a supranational Eurobond
A supranational lender borrows in the international market and lends to governments and companies in its member countries. Its bonds are usually senior and unsecured, repaid in full at maturity; some carry a par call in the last months before maturity, which the bond’s page lists. A hybrid note — deeply subordinated, with a coupon that resets and interest that can be deferred — is shown with its price only, because a yield on those terms depends on assumptions the page would have to make.
Until a bond’s quoted yields have been checked against its terms, the page shows the price and withholds the yield, and says so.
Page last changed 2026-10-01.