African Export Import Bank's (Afrexim) $100m term loan has attracted some $200m in general syndication.
Bankers expect Afrexim to take a large increase in the $65m 364 day 'A' tranche and some increase in the $35m two year 'B' tranche. Tranche 'A' pays Libor plus 40bp and 'B' pays Libor plus 75bp.
Mandated lead arrangers are Bank of Tokyo-Mitsubishi (bookrunner), HSH Nordbank, KBC Bank, Natexis Banques Populaires, Standard Chartered (bookrunner), WGZ and WestLB (bookrunner).
