CAIRO, Mar 31 – The African Export‑Import Bank (Afreximbank) has secured $2 billion through a three-year dual-tranche syndicated term loan, marking the largest borrowing in the bank’s history.
The transaction includes a $1.73 billion dollar tranche and a €228 million euro tranche, aimed at refinancing existing debt and supporting general corporate activities.
Investor appetite was strong, with total commitments reaching $2.36 billion equivalent before being scaled back to the final $2 billion. Thirty-one lenders spanning Europe, the Middle East, Asia, and Africa participated, reflecting Afreximbank’s broad international reach.
Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank acted as joint global coordinators, mandated lead arrangers, and bookrunners, with Standard Chartered also serving as documentation and facility agent.
The deal builds on Afreximbank’s position as a leading arranger in African capital markets. In 2025, the bank ranked number one in Bloomberg’s Africa Borrower Loans League Tables as both mandated lead arranger and bookrunner, highlighting its strong syndicated finance presence across the continent.
Earlier this month, GCR Ratings affirmed Afreximbank’s long-term international scale issuer rating at A with a stable outlook, noting the bank’s capitalisation, diversified funding, and risk management. The bank’s total assets and contingencies increased to $42.9 billion by September 2025, up from $40.1 billion a year earlier.
“This transaction is the largest ever syndicated facility borrowing by Afreximbank. It demonstrates global investor confidence in the bank’s credit story,” said Chandi Mwenebungu, Managing Director, Treasury and Markets, and Group Treasurer.
