The African Export-Import Bank (Afreximbank), on Monday announced the successful conclusion of a new three-year Dual Tranche Syndicated Term Loan Facility totaling about US$2 billion.
Specifically, proceeds of the US$1.73 billion and €228 million in US$ Facility A and EUR Facility B respectively raised on March 9, 2026 will be used to refinance existing facilities and for general corporate purposes.
Initially launched at US$1.5 billion equivalent, the Facility was met with what it termed strong investor demand, achieving a substantial oversubscription with total commitments of US$2.36 billion equivalent. Lenders were, however, scaled back to the final hold of US$2 billion equivalent.
The transaction comprised 31 geographically diverse lenders from across Europe, the Middle East, Asia and Africa.
Commenting on the transaction, Chandi Mwenebungu, Afreximbank’s Managing Director, Treasury and Markets, and Group Treasurer, described it as”the largest ever syndicated facility borrowing by Afreximbank (and) 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.”
Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank acted as Joint Global Coordinators, Initial Mandated Lead Arrangers and Bookrunners on the Facility. Standard Chartered Bank also acted as the Documentation Agent and as the Facility Agent.
