Africa Finance Corporation, Africa’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to aid post-pandemic recovery by supporting critical infrastructure development.
The three-year facility, which is AFC’s first since 2018, was increased from an initial target of $300 million due to strong investor interest, with the offering 2.5 times oversubscribed. The funds will be used to help fund upcoming infrastructure projects that will address Africa’s developmental challenges.
“The transaction demonstrates the confidence of banking partners, both old and new, in AFC’s strong credit risk profile and broadening global appeal in the capital markets,” said Banji Fehintola, Senior Director & Treasurer at AFC.
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