AFC signs Samurai loan as Asia money pours into Africa

Japanbusinessfotolia
By Mariam Meskin
03 Sep 2019

Lagos-headquartered Africa Finance Corporation (AFC) has debuted in the Samurai loan market, raising a $150m-equivalent loan from a consortium of Japanese lenders. The deal is one of two Samurai loans signed by African borrowers in recent weeks.

The loan is made up of a dollar tranche and a yen tranche, totalling at least $150m-equivalent. Each tranche has a tenor of three years.

MUFG and SMBC were bookrunners and mandated lead arrangers on the transaction. AFC announced that the deal, which began syndication in July, was signed on ...

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