Africa Finance Corp mandates for Swissie return

By Ross Lancaster
18 Nov 2019

Africa Finance Corporation, the pan-African multilateral development finance institution (DFI), has mandated for a Swiss franc bond as its only other note in the currency approaches redemption.

The A3 rated DFI has mandated Credit Suisse and Renaissance Capital as bookrunners. It will follow a trade from Black Sea Trade and Development Bank. The issuer profile of that deal, issued towards the beginning of November, is being taken as a good sign of investors' appetite ...

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