Afrexim reels in 40 banks, readies extension and signing

Lenders to African Export-Import Bank (Afrexim) have been asked to slightly extend the final maturity of a $250m-equivalent loan which is set to sign next Monday (May 17), and which may now be increased to about $500m-equivalent.

  • 14 May 2010

The facility attracted about 40 banks in syndication, and the deal, a dual-tranche loan split between euros and dollars, raised commitments of $700m.

Final amounts will be settled by the end of this week, ahead of the deal signing on May 17. Before this, however, junior lenders are ...

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