Afreximbank Achieves Historic Milestone with Oversubscribed Two Billion Dollar Syndicated Term Loan

Afreximbank closes its largest-ever $2bn syndicated term loan with 31 global lenders to refinance debt and promote African trade.

By: AXL Media

Published: Mar 31, 2026, 9:00 AM EDT

Source: The information in this article was sourced from LEADERSHIP

A Record Breaking Achievement in African Finance

In a significant show of institutional strength, the African Export-Import Bank, commonly known as Afreximbank, has secured its largest-ever syndicated facility. The $2 billion three-year dual-tranche term loan was finalized on March 9, 2026, representing a landmark moment for the bank's treasury operations. Chandi Mwenebungu, the bank’s Managing Director for Treasury and Markets, noted that the successful closure of this deal is a definitive testament to the sustained trust international investors place in the bank’s credit narrative and its robust access to global capital markets.

Oversubscription Reflects Strong Investor Appetite

The facility was initially launched with a target of approximately $1.5 billion but experienced significant interest from the global financial community. Commitments from various lenders far exceeded the initial goal, leading to a strong oversubscription. Despite the surplus in bids, Afreximbank strategically capped the final size of the loan at $2 billion. This high level of demand underscores the bank’s strong credit profile and its growing appeal as a stable investment vehicle within the African continent.

Strategic Breakdown of the Dual-Tranche Financing

The $2 billion total was achieved through a multi-currency approach designed to optimize the bank's liquidity. A substantial portion, amounting to $1.73 billion, was raised through a US dollar-denominated tranche. The remaining balance was secured through a euro-denominated tranche worth €228 million. By diversifying the currency of the borrowing, Afreximbank is better positioned to manage exchange rate risks while supporting its broad range of financial activities across different economic zones.