Global law firm White & Case LLP has advised the Liquidity and Sustainability Facility (LSF) on a repurchase agreement (repo) transaction between the LSF, Abu Dhabi Investment Authority (ADIA) and the African Export-Import Bank (Afreximbank), on The Bank of New York Mellon's Triparty Platform, as part of its Global Market Infrastructure role, aiming to increase the liquidity of African Sovereign Eurobonds and incentivise investments under the Sustainable Development Goals (SDG), such as green bonds, in Africa. Designed with the support of the United Nations Economic Commission for Africa and Afreximbank, the LSF seeks to bring the benefits of a structured repo market to the African continent, with the goal of enhancing the liquidity of a diversified basket of Sovereign Eurobonds across 18 issuers. The LSF's objective is to contribute to addressing the gap in market participation for financing Africa's international sovereign debt, indirectly helping to promote a more stable repo market on the African continent. The LSF has a special focus on green and SDG-linked issuances. Press contactFor more information please speak to your local media contact.

Source: The North Africa Journal December 04, 2023 20:01 UTC