The African Export-Import Bank (Afreximbank) announced on Tuesday (May 18) that it has completed its largest-ever operation in the international debt capital markets. This is the bond loan in two tranches carried out on May 10, 2021, subscribed to 1.3 billion dollars.

The deal arranged by Hsbc Bank plc gives Afreximbank the ability to tap into long-term, competitively priced resources in Africa and finance investment. The two-tranche bond issue, subscribed for 1.3 billion dollars, is the largest operation ever carried out by this bank on the international debt capital markets.

“This landmark transaction confirms investors' deep confidence in Afreximbank's mission and credit history, and the achievement of competitive pricing for both tranches is a testament to the strength of investor support from all major financial markets around the world. whole. Above all, the success of this transaction allows the Bank to continue to play a major role in the development of intra-African trade as well as trade between Africa and the rest of the world", affirmed at the end of the lifting Denys Denya , Executive Vice President of Afreximbank responsible for Treasury.

The order book recorded an oversubscription of 4.5 billion dollars for this loan, of which the first tranche (600 million dollars) has a maturity of 5 years and 10 years for the second tranche estimated at 700 million dollars.