The African Finance Corporation — established in 2007 to help address the continent’s infrastructure needs — on Tuesday announced the closure of a $1.16bn syndicated loan, its largest-ever debt facility.
First Abu Dhabi Bank, Mashreqbank, MUFG Bank and Standard Chartered collectively acted as global co-ordinators, with the Industrial and Commercial Bank of China (London Branch) acting as China co-ordinator. Abu Dhabi Commercial Bank, Emirates NBD Bank, Mizuho and Sumitomo Mitsui Banking Corporation acted as initial mandated lead arrangers and bookrunners, while Bank of China and Société Générale acted as initial mandated lead arrangers.
