# EDGAR Filing Document

**Accession Number:** 0000785677
**File Stem:** 0000785677-25-000003
**Filing Date:** 2025-6
**Character Count:** 8189
**Document Hash:** ed25f3e2cd37d06b34b0efbee565d9e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000785677-25-000003.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0000785677-25-000003

**CONFORMED SUBMISSION TYPE**: QRTLYRPT

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AFRICAN DEVELOPMENT BANK
- **CENTRAL INDEX KEY:** 0000785677
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 8880 [8880]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** QRTLYRPT
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 083-00004
- **FILM NUMBER:** 251071504

**BUSINESS ADDRESS:**
- **STREET 1:** AVENUE JOSEPH ANOMA
- **STREET 2:** 01 BP 1387 ABIDJAN 01
- **CITY:** ABIDJAN
- **STATE:** L7
- **ZIP:** 000000
- **BUSINESS PHONE:** 20263050

**MAIL ADDRESS:**
- **STREET 1:** AVENUE JOSEPH ANOMA
- **STREET 2:** 01 BP 1387 ABIDJAN 01
- **CITY:** ABIDJAN
- **STATE:** L7
- **ZIP:** 000000

AFRICAN DEVELOPMENT BANK<br>BANQUE AFRICAINE DE DEVELOPPEMENT

File No 83-4<br>Regulation AFDB<br>Sections 288.2 and <br> 288.4(a), (b) and (c)

**SECURITIES AND EXCHANGE COMMISSION (THE "COMMISSION")<br>WASHINGTON D.C. 20549<br>PERIODIC REPORT**

Persuant to Sections 288.2 and 288.4(a), (b) and (c) of Regulation AFDB (17 C.F.R. Part 288) adopted pursuant to Section 9(a) of the African Development Bank Act (22 USC Sec. 290i-9(a)), the African Development Bank hereby submits the information described below.

QUARTER ENDED 31 MARCH 2025<br>(the "Quarter")<br>AFRICAN DEVELOPMENT BANK (the "Bank")<br>ABIDJAN, COTE D'IVOIRE

1. Information concerning any purchases or sales by the Bank of its primary obligations during the Quarter:

*<u>Borrowing transactions</u>*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | Type of Transaction | Trade Date | Value Date | Maturity Date | Amount in currency (million) | Dealer |
| ZMW 280 million'Feed Africa'USD-Settled Fixed Rate Notes  | Borrowing | 08-Jan-25 | 21-Jan-25 | 21-Jan-29 | ZMW 280.00  | BNP Paribas |
| NGN 17 billion USD-Settled Fixed Rate Notes  | Borrowing | 10-Jan-25  | 17-Jan-25 | 17-Jan-27 | NGN17,000.00  | Standard Chartered Bank  |
| GBP 500 million Fixed Rates Notes  | Borrowing | 14-Jan-25  | 21-Jan-25  | 01-Feb-28 | GBP 500.00  | Merrill Lynch International/BMO Capital Markets/RBC/Nomura  |
| USD 25 million Fixed Rate Callable Notes  | Borrowing | 16-Jan-25  | 28-Jan-25 | 28-Jan-30  | USD 25.00  | Wells Fargo Bank/N.A |
| ZAR 1 billion Zero Coupon Notes _Tap 1 | Borrowing | 17-Jan-25 | 24-Jan-25 | 16-Sep-51 | ZAR 70.00  | BNP Paribas |
| GBP 25 million Fixed Rate Notes _Tap 1 | Borrowing | 28-Jan-25 | 04-Feb-25 | 01-Feb-28 | GBP 25.00  | BMO Capital Markets |
| UGX 19 billion USD-settled Fixed Rate Notes  | Borrowing | 30-Jan-25 | 11-Feb-25 | 11-Feb-27 | UGX 19,000.00  | BNP Paribas  |
| AUD 500 million Social Kangaroo Bond | Borrowing | 06-Feb-25 | 13-Feb-25 | 13-Feb-30 | AUD 500.00  | JP Morgan/RBC/UBS  |
| GBP 175 million Fixed Rate Notes_Tap 2 | Borrowing | 06-Feb-25 | 13-Feb-25 | 01-Feb-28 | GBP 175.00  | NatWest Markets PLC/Citigroup Global Market |
| GBP 100 million Fixed Rate Notes _Tap 3 | Borrowing | 06-Feb-25 | 13-Feb-25 | 01-Feb-28 | GBP 100.00  | RBC  |
| INR 625 million JPY-Settled Zero Coupon Notes _Tap 1  | Borrowing | 13-Feb-25 | 20-Feb-25 | 17-Jul-30 | INR 434.69  | BNP Paribas  |
| GBP 50 million Fixed Rate Notes_Tap 4  | Borrowing | 20-Feb-25 | 27-Feb-25  | 01-Feb-28 | GBP 50.00 | Morgan Stanley |
| GBP 150 million Fixed Rate Notes _Tap 5 | Borrowing | 21-Feb-25 | 28-Feb-25 | 01-Feb-28 | GBP 150.00 | NatWest Markets PLC |
| GBP 50 million Fixed Rate Notes _Tap 6 | Borrowing | 25-Feb-25 | 04-Mar-25 | 01-Feb-28 | GBP 50.00 | NatWest Markets PLC |
| GBP 120 million Fixed Rate Notes _Tap 7 | Borrowing | 28-Feb-25 | 07-Mar-25 | 01-Feb-28 | GBP 120.00 | HSBC/Merrill Lynch International |
| JPY 500 million FX-Linked PRDC Callable Notes  | Borrowing | 04-Mar-25 | 25-Mar-25 | 26-Mar-55 | JPY 500.00 | BNP Paribas |
| NGN 7.5 billion USD-Settled Fixed Rate Notes _Tap 1  | Borrowing | 05-Mar-25 | 12-Mar-25  | 17-Jan-27 | NGN 7,500.00 | Standard Chartered Bank  |
| ZAR 200 million Fixed Rate Notes  | Borrowing | 06-Mar-25 | 13-Mar-25 | 13-Mar-26  | ZAR 200.00 | Toronto Dominion  |
| USD 2 billion Global Fixed Rate Notes  | Borrowing | 11-Mar-25  | 18-Mar-25  | 18-Mar-30 | USD 2,000.00  | Goldman Sachs/Nomura/HSBC/Societe Generale/Toronto Dominion |
| HKD 300 million Fixed Rate Notes  | Borrowing | 19-Mar-25  | 01-Apr-25  | 01-Apr-26 | HKD 300.00  | Morgan Stanley  |
| USD 40 million Callable Fixed Rate Notes  | Borrowing | 19-Mar-25  | 26-Mar-25 | 27-Mar-28  | USD 40.00  | BMO Capital Markets  |
| USD 40 million Callable Fixed Rate Notes  | Borrowing | 19-Mar-25 | 26-Mar-25  | 25-Mar-27  | USD 40.00  | BMO Capital Markets |
| KES 2.5 billion USD-Settled Fixed Rate Notes  | Borrowing | 20-Mar-25  | 01-Apr-25  | 01-Apr-26  | KES 2,500.00  | Merrill Lynch International  |

---

*<u>ECP transactions</u>*

The Bank did not execute any ECP transaction during the Quarter.

<u>*Matured bonds*</u>

The Bank redeemed in full the following amounts in respect of its primary obligations during the Quarter:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Trade Date | Value Date | Maturity Date | Amount Redeemed (million) |
| AUD 1,135 million Fixed Rate Notes | 3-Jul-14 | 10-Jul-14 | 10-Jan-25 | AUD 1,135.00 |
| KES 2.5 billion USD-settled Fixed Rate Notes  | 5-Jan-23 | 12-Jan-23 | 12-Jan-25  | KES 2,500 |
| USD 9 million Zero Coupon Notes  | 31-Jan-24 | 7-Feb-24 | 7-Feb-25  | USD 9.00  |
| USD 10 million (BWP linked) Fixed Rate Notes  | 3-Feb-23  | 10-Feb-23  | 10-Feb-25 | USD 10.00  |
| TRY 50 million Zero Coupon Notes  | 6-Feb-15  | 13-Feb-15 | 13-Feb-25 | TRY 50.00  |
| VND 240 billion Fixed Rate Notes  | 16-Feb-24 | 26-Feb-24  | 26-Feb-25  | VND 240,000.00 |
| BRL 125 million Fixed Rate Notes  | 19-Feb-20 | 4-Mar-20  | 4-Mar-25  | BRL 125.00 |
| MXN 20 million 'Improve the Quality of Life for the People of Africa' Fixed Rate Notes  | 30-Jan-23 | 6-Mar-23  | 7-Mar-25 | MXN 20.00  |
| HKD 300 million Fixed Rate Notes  | 6-Mar-24 | 14-Mar-24 | 14-Mar-25 | HKD 300.00  |
| INR 439.3 million Fixed Rate Notes | 10-Mar-22  | 22-Mar-22 | 21-Mar-25  | INR 439.30  |
| ZAR 75 million 'Industrialize Africa' Fixed Rate Notes  | 11-Mar-21 | 23-Mar-21  | 24-Mar-25  | ZAR 75.000 |
| CNY 450 million Fixed Rate Notes  | 18-Mar-24 | 25-Mar-24 | 25-Mar-25  | CNY 450.00 |
| HKD 200 million Fixed Rate Notes  | 15-Mar-24 | 26-Mar-24 | 26-Mar-25 | HKD 200.00 |
| HKD 300 million Fixed Rate Notes  | 19-Mar-24 | 26-Mar-24  | 26-Mar-25 | HKD 300.00 |

---

*<u>Matured ECP transactions</u>*

No ECP transactions matured during the Quarter.

<u>*Buyback transactions*</u>

The Bank did not execute any buyback during the Quarter.

<u>*Callable bonds*</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Description | Trade Date | Value Date | Maturity Date | Amount Redeemed (million) | Call Date | Dealer |
| USD 50 million Fixed Rate Callable Notes  | 10-Feb-23  | 17-Feb-23 | 17-Feb-28  | USD 50.00 | 17-Feb-25 | JP Morgan |
| USD 25 million Fixed Rate Callable Notes | 13-Feb-23 | 28-Feb-23  | 28-Feb-28 | USD 25.00  | 28-Feb-25 | Wells Fargo Bank /N.A |
| USD 50 million Fixed Rate Callable Notes | 20-Mar-24  | 27-Mar-24  | 27-Mar-29 | USD 50.00  | 27-Mar-25  | BNP Paribas |

---

2. Attached hereto please find a soft copy of the Bank's annual financial statement for the period ending 31 March 2025.

3. With regards to Section 288.2(a)(3) of Regulation AFDB the Bank states that:

No material modifications or amendments of any exhibits previously filed with the Commission under any statute were made during the Quarter.

 **Pursuant to the requirement of Section 288.4(a) of Regulation AFDB, this Report has been signed on behalf of the African Development Bank by the undersigned who is a duly authorized officer thereof.**

Yours Faithfully,

Omar Sefiani

Treasurer

### Attached PDF Documents

**Attachment 1:** `finstatementsq12025.pdf`

_No text found in this document._