| Issue Amount (₦’bn) | 12.95 |
| Tenor (Year) | 7 |
| Issue Date | Jul. 10, 2014 |
| Maturity Date | Feb. 1, 2021 |
| Coupon (%) | 11.25 |
| Yield at Issue (%) | N/A |
| Issue Price (₦) | At par |
| Currency | Nigerian Naira |
| Coupon Frequency | Semi-annual in arrears |
| Issue Rating | Aaa/Moody’s; AAA/S&P |
| ISIN | NGADBB2021S9 |
| Use of Proceeds | The net proceeds of the issue of each Series of Notes will be incorporated in the ordinary capital resources of the bank and used in accordance with articles 1 and 2 of the Agreement of the African Development Bank |
| Redemption | Par at maturity |
| Debt Service | A Sinking Fund shall be created in accordance with the provisions of the Programme Trust Deed and applicable Supplemental Trust Deed(s). The Sinking Fund will be funded by the Federal Government of Nigeria (FGN) from annual budgetary allocations |
| Trustees | N/A |
| Tax Consideration | Exempted from Nigerian Tax |
| Offer Document | Pricing Supplement |
