PTA Bank

(redirected from Eastern and Southern African Trade and Development Bank)

PTA Bank

A major bank in Africa. It is owned by the African Development Bank and 18 African governments. It provides financing to further the goals of the Common Market for Eastern and Southern Africa. It was established in 1985 as the Eastern and Southern African Trade and Development Bank.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Interests on debts have increased by Sh19.2 billion, from Sh70.5 billion to Sh89.8 billion, because of the adjustment of terms on the first Eurobond, the loan taken from Standard Chartered Bank and another from the Eastern and Southern African Trade and Development Bank.Payment for the first Eurobond will increase by Sh7.53 billion that of Standard Chartered by S.
The Eastern and Southern African Trade and Development Bank (TDB), one of the fastest growing investment grade rated multilateral development financial institutions in Africa, has successfully completed $332 million equivalent Dual Tranche (conventional and Islamic) Dual Currency Syndicated Term Facilities on 20 December 2017.
UAE-based banks like Emirates NBD, First Abu Dhabi Bank and Mashreq Bank along with the Bank of Tokyo-Mitsubishi were the lead arrangers of a $332 million dual tranche and dual currency syndicated term facilities given to the Eastern and Southern African Trade and Development Bank, commonly known as TDB.
Founded in 1985 with its headquarters in Bujumbura, Burundi, the Eastern and Southern African Trade and Development Bank reportedly provides project and infrastructure finance, trade finance products as well as services in Eastern and Southern African countries.
Tunis: The African Development Bank's Board of Directors approved a financial package comprising US $20 million in additional equity and a US $50-million line of credit to finance projects in the Eastern and Southern African Trade and Development Bank (PTA Bank) member states.
Eastern and Southern African Trade and Development Bank (ESATDB) (PTA Bank) has said that it has raised USD300m through the issuance of a eurobond, Dow Jones has reported.
Pryor, agreed last year to serve as a trade and investment advisor to the Eastern and Southern African Trade and Development Bank. The bank provides funds in 22 African countries for trade and project finance (financing for highways and schools).
Full browser ?