The Africa Finance Corporation has staged a triumphant return to global capital markets by successfully raising 500 million US dollars.
The infrastructure giant secured record-tight pricing on the five-year senior unsecured Eurobond, outperforming its previous benchmark transactions.
Global reserve managers rushed to capture the high-quality assets, propelling the final order book to nearly twice oversubscribed.
For the first time, elite central banks anchored the bond purchase, signaling a historic shift in institutional investor diversity.
The notes carry a 5.375 percent coupon, representing the narrowest spread over US Treasuries in the corporation’s history.
This financial milestone highlights the institution’s robust A-grade credit ratings and disciplined balance sheet management amidst dynamic markets.
Proceeds will directly fuel critical infrastructure and industrial projects, driving sustainable economic growth across forty-eight member nations.