By| Goodluck E.Adubazi | Abuja.
Cairo, Egypt, March 30, 2026 — The African Export-Import Bank (Afreximbank) has successfully sealed a landmark $2 billion three-year dual tranche syndicated term loan facility, marking the largest such borrowing in the institution’s history and signaling strong global investor confidence in the Bank.
The financing package, concluded on March 9, 2026, comprises two components: a US dollar tranche of $1.73 billion and a euro tranche of €228 million. The funds will be used to refinance existing obligations and support general corporate operations.
Originally launched with a target of $1.5 billion, the facility drew overwhelming interest from international investors, with total commitments reaching $2.36 billion. Due to the significant oversubscription, allocations were scaled back to the final $2 billion.
Speaking on the milestone transaction, Afreximbank’s Managing Director of Treasury and Markets, Chandi Mwenebungu, described the deal as a clear endorsement of the Bank’s financial strength and credibility on the global stage.
“This transaction is the largest ever syndicated facility borrowing by Afreximbank,” Mwenebungu said. “It demonstrates global investors’ confidence in the Bank’s credit story and affirms our strong access to international financial markets.”
The deal attracted participation from 31 lenders spanning Europe, the Middle East, Asia, and Africa, highlighting the broad international appeal of the Bank.
Mashreqbank PSC, MUFG Bank Ltd., and Standard Chartered Bank served as Joint Global Coordinators, Initial Mandated Lead Arrangers, and Bookrunners. Standard Chartered Bank also acted as the Documentation Agent and Facility Agent for the transaction.
The successful close of the facility underscores Afreximbank’s growing influence in global finance and its continued role in supporting trade and economic development across Africa.
