Reuters – The Africa Finance Corporation (AFC), a Lagos-based pan-African financial institution, announced on Monday that it has raised $1.5 billion through a syndicated loan, marking its largest debt fundraising to date, according to Reuters.
Owned by African central banks and development lenders, the corporation said the three-year facility was initially set to raise $1.3 billion but surpassed that target due to strong market interest. The funds will be deployed into AFC’s general investment portfolio.
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According to the institution, the loan attracted widespread participation from lenders across the Middle East, Africa, Asia, and Europe.
“This underscores robust investor appetite for Africa’s infrastructure growth opportunities,” AFC said in a statement.
The deal was led by Abu Dhabi Commercial Bank (ADCB.AD), Commerzbank AG (CBKG.DE), and Standard Chartered Bank (STAN.L), which acted as global coordinators, AFC confirmed.
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