AFC issues $500m eurobond


Issue 344 - 21 Apr 2017 | 1 minute read

The Lagos-based Africa Finance Corporation (AFC) has issued a $500m seven-year eurobond. The senior, unsecured issue, which carries a coupon of 3.875%, was priced to yield 4% and matures in April 2024. The eurobond received strong global interest, with an order book of $2.4bn. It was about five times oversubscribed, from 231 investors across the Middle East, Asia, the UK, Europe and the US. AFC held pre-launch roadshows in London, Hong Kong, Singapore, the UAE and the US.

Tagged with:

Pin Power

Pin Nigeria

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register