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STANCHART Seeks to Develop African Mid-sized Corporate Bond Mkt, Issues USD50M Green Bond Last Mth
2026-07-03 14:15:28 STANCHART (02888.HK) successfully issued a USD50 million green bond last month for a solar home systems financier, paving the way for future bond issuance by African mid-sized enterprises. The four-year bond was issued by African Frontier Capital, guaranteed by Green Guarantee Co., and received an investment-grade "BBB" rating from Fitch. Rob Mason, senior originator for Standard Chartered's debt capital markets Africa department, said the successful issuance indeed opened up new opportunities for the USD50-100 million bond issuance market. STANCHART and Green Guarantee Co. hope to attract large investors through issuing smaller-scale bonds and providing guarantees, thereby reaching African companies that are relatively small in scale and have difficulty attracting developed market fund managers. ~ AASTOCKS Financial News Website: www.aastocks.com | |