Bonds

Afreximbank acts as Joint Global Coordinator on BADEA‘s first €500M Social Bond

Africa Finance Review

Feb 5, 2024 — 1 min read

The African Export-Import Bank (Afreximbank) has successfully acted as a Joint Global Coordinator for the Arab Bank for Economic Development in Africa's (BADEA) first €500m RegS-only senior unsecured social bond. The issue is under BADEA’s new Euro Medium Term Note (EMTN) programme on the London Stock Exchange, which will provide developmental financing to 44 non-Arab Sub-Saharan African countries under the issuer’s newly established Sustainable Finance Framework with a focus on essential services (healthcare/education/MSME financing), food security, employment generation and affordable housing sectors.

The 3-year bond, which was 3.0x oversubscribed, was priced at 100bps over EUR mid-swap rate to yield 3.806% (annual fixed coupon 3.750%). The issue's popularity resulted in strong interest from high-quality institutional investors, including central banks, DFIs, fund managers, and commercial banks across Africa, the Middle East, Europe, and the UK and US offshore accounts.

IFC Considers $200Million Debt Investment in Airtel Africa.

The International Finance Corporation (IFC) is considering providing Airtel Africa with a debt financing facility of up to $200 million. Some Context: Airtel Africa plc provides telecommunications, data centres, distribution networks, and mobile money services across 14 West, Central, and East African countries. The company intends to use the new

Egypt's Beltone Investment Holding Launches $100Million Private Credit Platform

Egypt-based Beltone Investment Holding (BIH), an affiliate of Beltone Holding, has launched a $100 million private credit platform to support Egyptian exporters. Why is this important: Few private credit offerings exist across Africa, and Beltone's platform provides a unique opportunity in the Egyptian financial markets. The private credit

This Week in Africa Finance

Beltone Investment's $100 million private credit platform, Kenya's $2 billion PPP airport project, and Airtel Africa's $200 million debt facility. In Today's Email: * Corporate Debt: IFC mulls a $200 million debt facility for Airtel Africa. * Private Credit: Beltone Investment Holding launches a

IMF and Mali Agree On $120 Million Rapid Credit Facility.

Mali recently reached a staff-level agreement with the International Monetary Fund (IMF) to obtain emergency financing through the Exogenous Shock Window of the Rapid Credit Facility (RCF). Why is this important: The agreement will provide Mali with $120 million (approximately 0.6% of GDP) to support its urgent balance-of-payments (BOP)

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IFC Considers $200Million Debt Investment in Airtel Africa.

Egypt's Beltone Investment Holding Launches $100Million Private Credit Platform

This Week in Africa Finance

IMF and Mali Agree On $120 Million Rapid Credit Facility.