Afrexim extends tenor of syndicated loan

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01 November 2004

The African Export-Import Bank (Afrexim) signed its syndicated loan facility in October in a ceremony in London. The facility carries a term of three years ? the longest achieved by the bank in the European syndications market ? and was increased from $85 million to $110 million in syndication. Mandated lead arrangers are Bank of Tokyo-Mitsubishi, KBC, Natexis Banques Populaires, Standard Chartered, WGZ Bank...

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