Africa Finance Corporation (AFC) announced a successful issuance of a US$500 million 144A/Reg S Eurobond with a 5.55% coupon rate. The benchmark five-year Note was priced inside the Corporation’s outstanding yield curve, achieving the tightest T-spread ever on a 5-year US dollar bond. This return to the global debt capital markets reaffirms AFC’s position as the leading infrastructure solutions provider in Africa.
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Afreximbank signs landmark hydropower project in Democratic Republic of Congo (DRC)
Afreximbank signed a project preparation facility financing agreement with Kipay Investments SAS for a renewable energy project in the DRC, supporting the development of a 200 MW hydropower project. This initiative aligns with Afreximbank's climate finance strategy and aims to provide clean energy to mining companies, expand electricity access to communities, and reduce greenhouse gas emissions. The project is expected to create over 2,000 direct jobs, generate tax revenues, and foster socio-economic development in the...
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