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Investment financing: Africa Finance Corporation obtains $625 million through a syndicated loan

06/06/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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In a recent press release, Africa Finance Corporation (AFC) announced that it has obtained a USD 625 million syndicated loan from several international banks, including institutions in the Middle East and Asia. The funds raised will be used to finance the institution's investments in infrastructure

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Le communiqué publié par Africa Finance Corporation (AFC) Mention that Gulf Bank , National Bank of Ras Al-Khaimah ,China CITIC Bank Corporation , Qatar National Bank , Doha Bank Industrial et Bank of Korea are among the institutions that participated in the mobilization of funds. , la filiale britannique de Indeed, First Abu Dhabi Bank Firstrand Bank, ICBC, Mashreqbank, MUFG Bank, Standard Chartered Bank, and SMBC Bank International acted as lead arrangers and bookkeepers. The syndicated loan was oversubscribed by 61%, prompting AFC to raise more funds than the initial target of $500 million

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