Afreximbank Concludes $2 Billion Dual Tranche Loan Facility, Oversubscribed by Global Investors
African Export-Import Bank (Afreximbank) has successfully finalized a new three-year dual tranche syndicated term loan facility, amounting to a total of $2 billion equivalent. This significant financial arrangement, concluded on March 9, 2026, includes US$ Facility A raising $1.73 billion and EUR Facility B raising €228 million, reinforcing the bank's strong credit profile and robust access to international capital markets.
Oversubscription and Investor Demand
The facility was initially launched at $1.5 billion equivalent but experienced overwhelming investor demand, leading to a substantial oversubscription. Total commitments reached $2.36 billion equivalent, highlighting the high level of confidence from global investors. However, lenders were scaled back to the final hold of $2 billion equivalent to manage the facility effectively.
Utilization of Proceeds
According to Afreximbank, the proceeds from this loan facility will be allocated towards refinancing existing facilities and for general corporate purposes. This strategic move aims to enhance the bank's financial stability and support its ongoing operations across various sectors.
Key Financial Institutions Involved
The transaction was coordinated by several leading financial institutions, including:
- Mashreqbank PSC
- MUFG Bank, Ltd.
- Standard Chartered Bank
These entities acted as Joint Global Coordinators, Initial Mandated Lead Arrangers, and Bookrunners. Additionally, Standard Chartered Bank served as the Documentation Agent and Facility Agent, ensuring the smooth execution of the deal.
Statements from Afreximbank Leadership
Chandi Mwenebungu, Afreximbank's Managing Director, Treasury and Markets, and Group Treasurer, commented on the transaction, stating, "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."
Geographic Diversity of Lenders
The facility attracted participation from 31 geographically diverse lenders spanning regions such as Europe, the Middle East, Asia, and Africa. This broad involvement underscores Afreximbank's global reach and the widespread trust in its financial strategies and creditworthiness.
This landmark deal not only strengthens Afreximbank's position in the international financial landscape but also sets a precedent for future syndicated loan facilities in the region, showcasing the bank's ability to mobilize significant capital from a diverse investor base.
