AFC issues CHF200m infrastructure bond

Region:

Middle East & Africa

Africa Finance Corporation (AFC) has issued a CHF200 million Reg S Only bond, maturing in December 2023.

The Swiss franc bond was priced at par and carries an annual coupon of 0.5225%, which is the lowest coupon ever for an African issuer in the CHF market.

The transaction - AFC’s second CHF bond - was priced inside AFC's existing USD Eurobond curve and below its currently outstanding CHF bond, which matures 27 December 2019.

Credit Suisse and Renaissance Capital acted as joint lead managers and bookrunners.

View source

Uxolo Pathfinder Awards 2023: A tale of two climates

Perspective

18 April 2024

Uxolo Pathfinder Awards 2023: A tale of two climates

Against the backdrop of an increasingly risky economic climate and growing demand from borrowers, the development finance sector continues to push the boundaries on projects...

Perspective

26 April 2024

MDB callable capital: What's next?

After a year's research, ODI has released six papers detailing the legal, policy, budgetary, stress, risk, and financial implications of MDB callable capital – research that...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Perspective

18 April 2024

Uxolo Pathfinder Awards 2023: A tale of two climates

Against the backdrop of an increasingly risky economic climate and growing demand from borrowers, the development finance sector continues to push the boundaries on projects and fundraising to offset the direct and indirect dangers posed by climate change.

Perspective

26 April 2024

MDB callable capital: What's next?

After a year's research, ODI has released six papers detailing the legal, policy, budgetary, stress, risk, and financial implications of MDB callable capital – research that was almost immediately complemented by statements from every major MDB. Now the results are here, there are a number of changes they could catalyse.