Afreximbank Secures Record $2bn Syndicated Loan, Affirming Investor Confidence Amid Global Headwinds - Tekedia
Key summary
Afreximbank, described as Africa’s premier trade‑finance institution, closed its largest syndicated borrowing: a three‑year $2 billion dual‑currency facility.
The facility comprises a $1.73 billion U.S. dollar tranche and a €228 million portion; it was signed on March 9 and announced on Monday.
Commitments topped $2.36 billion, oversubscribed by demand from 31 international lenders from Europe, the Middle East, Asia and Africa.
Mashreqbank, MUFG and Standard Chartered acted as joint global coordinators; Standard Chartered also served as the facility and documentation agent.
Proceeds are earmarked to refinance existing debt and for general corporate purposes; the deal comes as the AfDB warned a prolonged Iran conflict could shave up to 1.5 percentage points off continental growth if the Strait of Hormuz remains disrupted beyond six months, with AfDB forecasting growth of 4.3% in 2026 and 4.5% in 2027.
