The AfDB has taken out insurance with a group of investors led by Mariner Investment Group for a loan portfolio of $ 1 billion. The transaction concluded in September was through synthetic securitization in which the hedge fund assumed a default risk of $ 152 million. This sophisticated coverage allows the African Bank to reduce…...
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AfDB hedges with New York hedge fund
By Editor
US President Donald Trump (left) and Akinwumi Adesina, President of the African Development Bank, discuss after the group photo of the G7 outreach program on the second and final day of the G7 summit in Taormina on the island of Sicily on May 27, 2017 in Taormina, Italy.
Editor
Kapital Afrik intends to deliver strategic financial information to executives and managers, through a daily newsletter and a website that covers all African finance.
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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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