The African Export-Import Bank (Afreximbank) has closed a $750 million bond after achieving an order book of $3.4 billion from 290 investors, the largest ever to be achieved by the bank in the international debt capital market. The bond, which closed in London on 17 May, is a five-year Reg S Only Bond Note due in May 2021 and paying a coupon of four per cent, was issued under Afreximbank’s existing Euro Medium Term Note Programme. It was priced at a spread of MS+300bps and will be deployed by Afreximbank to finance trade in Africa and for other strategic activities.

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