August 19, 2018

Afreximbank secures $150 million to boost African trade (Guardian)

Afreximbank secures $150 million to boost African trade (Guardian)

The African Export-Import Bank (Afreximbank) has successfully secured another facility, but its first ever Samurai Syndicated Term Loan Facility, with equivalent of $150 million.

It has an all-pricing of 1.8 per cent per annum for the dollar tranche and 0.80 per cent for the tranche denominated in Japanese Yen.

The facility comprises two tranches of 6.2 billion Japanese Yen and $100 million, which Bank of Tokyo Mitsubishi UFJ (MUFG) acted as sole Coordinator, Bookrunner, Facility and Documentation Agent Bank, while Bank of Taiwan, Gunma Bank, Shikoku Bank and Mitsubishi UFJ Trust and Banking all joined the Facility in the primary phase. Read more

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