The African Export-Import Bank (Afreximbank) has concluded a significant three-year Dual Tranche Syndicated Term Loan Facility valued at $2 billion equivalent.
This marks the largest syndicated loan transaction in the Bank’s history and signalling strengthening investor confidence in the institution’s financial standing.
The facility, completed on 9 March 2026, raised $1.73 billion under the US-dollar tranche and €228 million under the euro tranche.
The Bank said the proceeds would be used to refinance existing obligations and support its general corporate activities, including its mandate to boost trade and economic integration across Africa.
Initially launched at $1.5 billion equivalent, the transaction attracted overwhelming interest from international lenders, recording commitments totalling $2.36 billion equivalent.
Afreximbank, however, scaled final commitments to $2 billion equivalent, in line with its funding strategy.
Mr Chandi Mwenebungu, Managing Director of Treasury and Markets and Group Treasurer of Afreximbank, described the outcome as a clear endorsement of the Bank’s strong credit profile.
“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,” he said.
The facility brought together 31 lenders from Europe, the Middle East, Asia and Africa, reflecting the bank’s widening access to diversified sources of funding at a time when global markets remain volatile.
The joint global coordinators, initial mandated lead arrangers and book-runners for the transaction, were Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank, with Standard Chartered also serving as Documentation Agent and Facility Agent.
Source: GNA
