African Bank announcing that it had "listed a US$1,000,000,000 Euro Medium Term Note Programme on the London Stock Exchange." This is part of ABIL's diversification program, if you have a week of spare reading time, download the whole Euro Medium Term Note Programme and read it. Let me know what you think. Wow, what a long document.
As you can see from this Bloomberg piece on the note issuance program, African Bank Lists $1 Billion Bond Program in London to Fund Its Expansion the intent is to tap markets beyond ours. And I think it is clever, because with rates lower for longer, investors offshore are searching for yield.