Chexim guarantee helps Afreximbank borrow as Chinese inflows rise

African Export-Import Bank has closed a $500m five year term loan, it announced on Wednesday, partly guaranteed by the Export-Import Bank of China. The presence of a mainly Asian syndicate has sparked discussion about the continually increasing Chinese capital flowing into Africa.

  • By Mariam Meskin
  • 10 Jan 2019

The deal was oversubscribed. The final syndicate totalled 11 institutions, comprising almost exclusively Chinese and Taiwanese lenders, as well as Standard Chartered. The margin is 110bp over Libor.

Standard Chartered was co-ordinator,

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 502.50 3 28.45%
2 JPMorgan 312.50 1 17.69%
2 Deutsche Bank 312.50 1 17.69%
2 Citi 312.50 1 17.69%
5 TD Securities Inc 153.97 1 8.72%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 7,774.19 33 7.34%
2 HSBC 7,434.76 18 7.02%
3 First Abu Dhabi Bank 7,164.47 27 6.76%
4 Sumitomo Mitsui Financial Group 6,785.55 14 6.41%
5 Citi 6,751.47 22 6.37%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 21,001.21 100 7.74%
2 JPMorgan 16,658.31 60 6.14%
3 Deutsche Bank 16,649.26 62 6.14%
4 Credit Agricole CIB 15,938.92 80 5.87%
5 UniCredit 14,262.92 85 5.26%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 56,309.38 235 6.78%
2 Credit Agricole CIB 50,053.55 239 6.03%
3 JPMorgan 46,785.38 108 5.63%
4 UniCredit 45,665.76 207 5.50%
5 SG Corporate & Investment Banking 43,321.52 173 5.22%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%