African Export-Import Bank (Afreximbank) has successfully concluded a new three-year dual tranche syndicated term loan facility totaling $2 billion equivalent (raising $1.73 billion and €228 million in US$ Facility A and EUR Facility B respectively).

The deal reinforced the strong investor confidence in the bank’s credit profile and access to international capital markets.

According to the bank, proceeds from the facility, concluded on 9 March 2026, will be used by Afreximbank to refinance existing facilities and for general corporate purposes.

Initially launched at $1.5 billion equivalent, the facility was met with strong investor demand, achieving a substantial oversubscription with total commitments of $2.36 billion equivalent.

Mashreqbank PSC, MUFG Bank, Ltd., and Standard Chartered Bank acted as Joint Global Coordinators, Initial Mandated Lead Arrangers and Bookrunners on the facility while Standard Chartered Bank also acted as the Documentation Agent and as the Facility Agent.

The bank also disclosed that lenders were, however, scaled back to the final hold of $2 billion equivalent.

Commenting on the transaction, Afreximbank’s Managing Director, Treasury and Markets, and Group Treasurer, Chandi Mwenebungu, said:

.“This transaction is the largest ever syndicated facility borrowing by Afreximbank. It is a clear demonstration of the global investors’ confidence in the Bank’s credit story. This, clearly, affirms the Bank’s robust and undisputed access to international markets.”

He also stated that the transaction comprised 31 geographically diverse lenders from across Europe, the Middle East, Asia and Africa.