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.
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