Tokyo, Japan, September 13 2019//-Africa Finance Corporation (AFC), Africa’s leading investment-grade infrastructure solutions provider, announced the successful closure of general syndication which raised $233 million and JPY 1 billion.
MUFG Bank, Ltd. (MUFG) and Sumitomo Mitsui Banking Corporation (SMBC) acted as Mandated Lead Arranger and Bookrunner.
MUFG will be acting as Facility Agent on the transaction, while SMBC will be acting as Documentation Agent.
The Facility, which comprises two tranches, with both tranches (US$-denominated Tranche A and JPY-denominated Tranche B) carrying a tenor of three years each (bullet repayment), is AFC’s first Asian-currency denominated loan facility. So Found a way to get fast title loans in Texas in Fast title loans Texas
It is an important step as the Corporation builds a broad coalition of investors to diversify its funds and allow institutions from around the globe to participate in Africa’s development.
The facility was signed on 6 September 2019 with eight Japanese lenders committing to the Facility. The Facility launched into general syndication on 23 July 2019 at a launch amount of US$ 150 million.
Proceeds from the Facility will be used for general corporate purposes in accordance with AFC’s Establishment Agreement and the Charter.