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Afrexim secures year-end oversubscription

04 January 2010

Pan-African export credit agency African Export-Import Bank (Afreximbank) has seen its latest trade refinancing more than double as banks rushed to join the deal before year-end.

Read more: Afreximbank syndication

Pan-African export credit agency African Export-Import Bank (Afreximbank) has seen its latest trade refinancing more than double as banks rushed to join the deal just before year-end.

A group of 21 banks eventually signed the loan which refinances an existing $175 million facility signed in November 2006.

The one-year deal was originally launched with two tranches: a $124 million term loan and a Eu40 million term loan. These amounts increased in syndication to...


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