The African Export-Import Bank (Afreximbank) has successfully concluded a landmark $2-billion three-year dual-tranche syndicated term loan facility, marking the largest syndicated borrowing in the institution’s history.
The facility, which was finalized on March 9, 2026, comprises two segments: a $1.73 billion USD tranche and a €228 million EUR tranche.
Initially launched with a target of $1.5 billion, the facility experienced significant oversubscription as global investors submitted total commitments reaching $2.36 billion.
Due to this high level of interest, lenders were scaled back to a final hold of $2 billion.
Afreximbank intends to utilize the proceeds from this transaction to refinance existing debt facilities and for general corporate purposes, further stabilizing its liquidity position as it continues to drive trade across the continent.
Commenting on the successful close, Chandi Mwenebungu, Afreximbank’s Managing Director of Treasury and Markets, stated that the transaction serves as a clear demonstration of global investor confidence in the Bank’s credit story and robust access to international markets.
The deal drew participation from a geographically diverse group of 31 lenders spanning Europe, the Middle East, Asia, and Africa, reflecting the broad international appeal of the Pan-African multilateral institution.
Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank served as the Joint Global Coordinators, Initial Mandated Lead Arrangers, and Bookrunners for the facility. Standard Chartered Bank additionally performed the roles of Documentation Agent and Facility Agent.
As of the end of 2024, Afreximbank’s total assets and contingencies stood at over $40.1 billion, and this latest capital injection is expected to further support its mandate of accelerating industrialization and intra-regional trade under the African Continental Free Trade Agreement (AfCFTA) framework.