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2 clusters · 2 sources · 11 days · First seen · Last updated

Shelter Afrique Development Bank sustainable finance

Overview

Shelter Afrique Development Bank (ShafDB) has advanced its sustainable finance initiatives to address the African housing deficit. Initially, S&P Global Ratings validated the bank’s Sustainability Finance Framework, confirming it complies with international standards including the Green Bond Principles and Social Bond Principles. This validation was intended to facilitate planned bond issuances for climate-resilient and socially inclusive housing.

Following this validation, ShafDB approved a Sh65 billion ($500 million) bond programme specifically for East African capital markets. The bank intends to issue these bonds in tranches with five to seven-year terms starting in 2026. This move aims to access local currency markets, such as pension and insurance funds, to mitigate foreign exchange risk and deepen regional capital markets after previous plans were postponed due to high interest rates.

Entities

International Capital Markets Association · S&P Global Ratings · World Bank · Shelter Afrique Development Bank · Luxembourg

Timeline

  1. 26 days ago

    [BUSINESS] 2 sources
    Shelter Afrique approves Sh65 billion East African bond programme

    Shelter Afrique Development Bank has approved a Sh65 billion ($500 million) bond programme to be issued in East African markets starting in 2026.

  2. about 1 month ago

    [BUSINESS] 2 sources
    S&P Global Ratings validates ShafDB's sustainable finance framework for African housing

    S&P Global Ratings has validated ShafDB's sustainability finance framework, aligning it with global green and social bond standards and enabling new African housing bond issuances.

Sources

bdafrica.com · punchng.com