The African Export-Import Bank (Afreximbank) has raised a $2 billion equivalent syndicated loan facility, underscoring sustained investor confidence in the continent’s leading trade finance institution amid tightening global liquidity conditions.
The three-year dual-tranche syndicated term loan facility comprises $1.73 billion under a US dollar tranche (Facility A) and €228 million under a euro tranche (Facility B). The proceeds will be used to refinance existing obligations and support general corporate operations.
Originally launched at a target size of $1.5 billion equivalent, the facility attracted strong demand from global lenders, with total commitments reaching $2.36 billion equivalent. The transaction was subsequently scaled back to $2 billion.
The oversubscription highlights Afreximbank’s continued access to international capital markets and the strength of its credit profile, even as global financial conditions remain uncertain.
Describing the deal as a milestone, Afreximbank’s Managing Director, Treasury and Markets, and Group Treasurer, Chandi Mwenebungu, said the transaction marks the bank’s largest syndicated borrowing to date.
“This transaction is the largest ever syndicated facility borrowing by Afreximbank. It is a clear demonstration of global investors’ confidence in the Bank’s credit story,” he said. “This clearly affirms the Bank’s robust and undisputed access to international markets.”
The facility drew participation from 31 lenders across Europe, the Middle East, Asia, and Africa, reflecting broad geographic diversification and appetite for African risk when anchored by strong institutions.
Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank acted as Joint Global Coordinators, Initial Mandated Lead Arrangers, and Bookrunners. Standard Chartered Bank also served as Documentation Agent and Facility Agent for the transaction.
The deal reinforces Afreximbank’s role as a key intermediary in mobilising capital for trade and development across Africa, particularly at a time when access to affordable financing remains a critical constraint for many economies on the continent.
