Infrastructure solutions provider Africa Finance Corporation (AFC) has closed a US$524 million equivalent dual-currency Samurai term loan facility.
- •The three-year syndicated facility, comprising US$505 million and JPY 3 billion, was significantly oversubscribed.
- •AFC has raised over US$1.3 billion in the past decade across Chinese, Indian and Korean loan facilities.
- •Proceeds from the facility will be used for general corporate purposes.
"This successful transaction strengthens our funding base and expands our global investor reach as we continue mobilising capital to address the infrastructure deficit in Africa,” said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC.
The facility follows the AFC's 2019 debut samurai loan, its 2023 guarantee of the Arab Republic of Egypt’s JPY75 billion Samurai Bond, and the award of an A+ (Stable) long-term issuer credit rating by the Japan Credit Rating Agency (JCR) earlier this year. AFC’s 2022 Samurai facility of US$419 million equivalent (US$412 million and JPY 1 billion) matured in October 2025 and was fully repaid by AFC.
Afreximbank Raises US$ 527mn in Second Samurai Bond Transactions
