Afrexim raises and closes a record $1 billion bank loan

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

The African Export-Import Bank (Afrexim) has finally closed the general syndication stage of a term loan amounting to the equivalent of $1 billion. This is the largest ever term loan facility raised in the bank’s history. The bank will use the funds largely for onlending related to trade finance-related purposes.

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