Late additions for Afreximbank term loan

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05 July 2011

Afreximbank’s term loan facility extended after initial signing.

A term loan facility for The African Export-Import Bank (Afreximbank) has been enlarged to $480 million after the OPEC Fund for International Development (OFID) and Banco do Brasil joined the existing syndicate.WestLB coordinated the dual-tranche loan facility which includes a US dollar-denominated tranche A of $307.5 million and a euro-denominated tranche B of Eu119.25 million ($172.5 million).Shortly after the syndication agreement was signed on 15 June 2011, the...

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