AFC has completed several bilateral borrowings from development finance institutions and international commercial banks, including:
  • US$200 million funding facility from the African Development Bank
  • US$60 million facility from the Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)
  • EUR€25 million and US$32 million facilities provided jointly by the Society for the Promotion and Participation for Economic Cooperation (PROPARCO) and European Financing Partners S.A (EFP) led by the European Investment Bank (EIB)
  • US$300 million- International Syndicated Facility (Two tranches)
  • US$50 million from the Islamic Development Bank IIDB) for financing projects that are structured in compliance with Islamic finance
  • In 2015 AFC concluded its debut US$750 million 4.375% 5-year international bond. The final order book was more than six times oversubscribed at over US$4.7 billion from a total of 315 investors. AFC’s Eurobond is listed on the Irish Stock Exchange
  • US$150M 15 year loan facility from KfW Development Bank
  • CHF 100 Million (Swiss Francs) Senior Unsecured Bonds with a coupon rate of 0.85% and a tenure of 3 years and 150 days

Further information on funding the Corporation is available upon the submission of a non-binding expression of interest letter to finance the AFC.

 

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