The African Export-Import Bank (Afreximbank) has successfully closed a new three-year Dual Tranche Syndicated Term Loan Facility worth US$2 billion equivalent.
The facility, which closed on 9 March 2026, comprises two tranches: Facility A raising US$1.73 billion and Facility B raising €228 million. Proceeds will be used to refinance existing facilities and for general corporate purposes.
Originally launched at US$1.5 billion equivalent, the transaction attracted robust investor appetite, recording total commitments of US$2.36 billion equivalent. Lenders were subsequently scaled back to the final US$2 billion hold.
Commenting on the successful raise, 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 facility brought together 31 geographically diverse lenders from Europe, the Middle East, Asia, and Africa.
Mashreqbank PSC, MUFG Bank, Ltd. and Standard Chartered Bank served as Joint Global Coordinators, Initial Mandated Lead Arrangers, and Bookrunners. Standard Chartered Bank also acted as Documentation Agent and Facility Agent.
Posts
.webp)
