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Afreximbank Secures $1.5 Billion in Largest Ever Eurobond Issuance

The African Export-Import Bank (Afreximbank) has raised $1.5 billion through its largest-ever dual-tranche Eurobond issuance. The transaction, comprising $750 million each in 5.5-year and 10-year tenors, was oversubscribed with an order book peaking at $3.8 billion. This successful return to the US dollar public bond market attracted significant international interest, allowing the bank to tighten pricing by 37.5 basis points, achieving final yields of 6.25% and 7.125% respectively.

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