Afreximbank raises $100m from Japan as $300m loan sells down

02 Apr 2012

Bank of Tokyo-Mitsubishi UFJ has increased its exposure to Afreximbank for the second time this year by agreeing a $100m export credit line alongside the Japan Bank for International Cooperation.

The facility comes a week after the initial mandated lead arrangers signed on to a $300m dual currency facility that BTMU co-ordinated for the African trade finance lender.

JBIC, the Japanese export credit agency, is lending $60m for the credit line and BTMU $40m. The loans are guaranteed by ...

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