Afrexim surprises with strong retail uptake for $184m loan

27 Nov 2009

African Export-Import Bank has surprised some of its bookrunners by getting a better than expected response to a $184m loan into launched into retail syndication two weeks ago.

Some bankers close to the deal expected there to be little demand, given that it is Afrexim’s second loan of the year and that there are already 11 banks at the top level. "We’ve already had three firm commitments," said one banker early this week. "Another three or ...

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