Afreximbank switches from club to syndication

16 May 2011

Multilateral financial institution African Export-Import Bank (Afreximbank) has launched syndication of its $400m two year refinancing.

BTMU, Commerzbank, HSBC, Intesa Sanpaolo, National Bank of Abu Dhabi, Standard Bank, Standard Chartered and WestLB are bookrunners on the transaction.

The borrower will pay a margin of 150bp for the syndicated loan. It is refinancing a $140m and Eu74.5m six month syndicated loan. The facility had a six ...

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