Afreximbank Secures Record $2bn Syndicated Loan

The African Export-Import Bank (Afreximbank) has secured a $2 billion three-year dual tranche syndicated term loan, the largest borrowing in its history.
According to information on the bank’s website of the bank, the deal was concluded on March 9, 2026. Speaking on the development, the bank’s Managing Director, Treasury and Markets, and Group Treasurer, Chandi Mwenebungu, said the successful outing demonstrates sustained trust from international investors.
“This transaction is the largest ever syndicated facility borrowing by Afreximbank. It is a clear demonstration of the global investors’ confidence in the Bank’s credit story. This, clearly, affirms the Bank’s robust and undisputed access to international markets,” he stated.

Described as its biggest-ever syndicated facility, the transaction saw Afreximbank raise funds from a consortium of global lenders, underscoring its strong credit profile and market appeal.
The facility, which initially launched at about $1.5 billion, recorded strong oversubscription, with commitments significantly exceeding the target. However, the bank capped the final size at $2 billion, trimming excess bids.
A breakdown of the financing shows that $1.73 billion was raised through a US dollar tranche, while €228 million came via a euro-denominated tranche, bringing the total to its dollar equivalent.

Proceeds from the loan is to be deployed to refinance existing obligations and support the bank’s general corporate activities, in line with its mandate to promote intra- and extra-African trade.
Further checks revealed that no fewer than 31 lenders across Europe, the Middle East, Asia, and Africa participated in the syndication, highlighting broad-based international backing.
Top global financial institutions, including Mashreqbank PSC, MUFG Bank, and Standard Chartered Bank, acted as joint global coordinators and bookrunners, with Standard Chartered also serving as facility and documentation agent.