Afreximbank raises $2bn in oversubscribed syndicated loan

African Export-Import Bank (Afreximbank) has secured a $2 billion equivalent three-year dual-tranche syndicated term loan, underscoring strong investor appetite and confidence in the lender’s credit profile.

The facility, concluded on March 9, 2026, comprises $1.73 billion under a U.S. dollar tranche and €228 million under a euro tranche. Proceeds will be used to refinance existing obligations and support general corporate activities.

Originally launched at $1.5 billion equivalent, the deal drew commitments of $2.36 billion, reflecting significant oversubscription before being scaled back to the final $2 billion size.

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“This transaction is the largest ever syndicated facility borrowing by Afreximbank. It is a clear demonstration of global investors’ confidence in the bank’s credit story and affirms our strong access to international markets,” said Chandi Mwenebungu, managing director, Treasury and Markets, and Group Treasurer at Afreximbank.

The syndication attracted 31 lenders spanning Europe, the Middle East, Asia and Africa, highlighting the bank’s broad funding base and continued relevance in global capital markets.

Mashreqbank, MUFG Bank and Standard Chartered Bank acted as Joint Global Coordinators, Initial Mandated Lead Arrangers and Bookrunners for the transaction. Standard Chartered also served as Documentation Agent and Facility Agent.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.