African trade finance lender Afreximbank has launched a dual currency refinancing facility worth $300m into general syndication. Initial mandated lead arrangers (IMLAs) are due to sign by the end of the month.
The loan is split between a $180m tranche and a €92m ($120m) piece. Both carry a margin of 225bps.
Sole co-ordinator BTMU is joined by Arab Banking Corporation, BNP Paribas, Commerzbank, HSBC, National Bank of Abu Dhabi, Rand Merchant Bank, Standard Bank and Standard Chartered as IMLAs and