African Export-Import Bank (Afreximbank) has successfully concluded a new three-year dual tranche syndicated term loan facility worth $2 billion, signalling strong international investor confidence in the institution.
The facility, finalised on 9 March 2026, comprises $1.73 billion and €228 million raised through US dollar Facility A and euro-denominated Facility B respectively. Proceeds will be used to refinance existing obligations and support general corporate purposes.
Originally launched at $1.5 billion, the deal attracted significant demand from investors, becoming heavily oversubscribed with total commitments reaching $2.36 billion. Lenders were subsequently scaled back to a final total of $2 billion.
Commenting on the transaction, Chandi Mwenebungu, Afreximbank’s Managing Director, Treasury and Markets, and Group Treasurer, said:
“This transaction is the largest ever syndicated facility borrowing by Afreximbank. It is a clear demonstration of the global investors’ confidence in the Bank’s credit story. This, clearly, affirms the Bank’s robust and undisputed access to international markets.”
The financing drew participation from 31 lenders across Europe, the Middle East, Asia and Africa, reflecting broad geographic interest in the bank’s credit profile.
Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank served as Joint Global Coordinators, Initial Mandated Lead Arrangers and Bookrunners for the transaction. Standard Chartered Bank also acted as Documentation Agent and Facility Agent.
No comments:
Post a Comment