IFLR1000

African Export-Import Bank dual tranche loan facility

8/7/2015
Financing
Select tab

$ 902.803 million

Completed

8/7/2015

Overview:

  • The African Export-Import Bank (Afreximbank) closed its largest ever term loan facility in the its history, securing a $458 million and €406.5 million two-year, dual tranche facility. 
  • The loan was arranged by 34 banks in total, was coordinated by Commerzbank and the facility agent was Standard Chartered Bank. 
  • The facility was secured in order to allow the bank to refinancing its existing debt. 
  • The initial amount that the original lenders put forward had to be reduced to allow for an additional seven lenders to join the syndicate. 

John Crabb - Journalist

Jurisdictions:

Egypt
France
Germany

Deal type:

Financing

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Banking

Firms:
Baker McKenzie

Party: Bank of Tokyo-Mitsubishi (Mandated lead arranger)

Party: Commerzbank AG (Coordinating mandated lead arranger)

Party: Emirates NBD (Mandated lead arranger)

Party: Rand Merchant Bank (RMB) (Mandated lead arranger)

Party: HSBC (Mandated lead arranger)

Party: ICBC (Mandated lead arranger)

Party: Investec (Mandated lead arranger)

Party: The Korea Development Bank (Mandated lead arranger)

Party: Mizuho Bank (Mandated lead arranger)

Party: National Bank of Abu Dhabi (Mandated lead arranger)

Party: Standard Bank of South Africa (Mandated lead arranger)

Party: Standard Chartered (Mandated lead arranger, Facility agent)

Party: China Construction Bank Corporation (Mandated lead arranger)

Party: Qatar National Bank (Mandated lead arranger)

Party: Sumitomo Mitsui Banking Corporation (Mandated lead arranger)

Party: Arab Banking Corporation (Mandated lead arranger)

Party: Credit Europe Bank (Mandated lead arranger)

Party: Abu Dhabi Commercial Bank (Mandated lead arranger)

Party: Bank Sohar (Mandated lead arranger)

Party: Commercial Bank of Kuwait (Mandated lead arranger)

Party: Doha Bank (Mandated lead arranger)

Party: The Commercial Bank (Mandated lead arranger)

Lawyers: Gonzague Basso, Michael Foundethakis, Mohamed Ghannam, Nick Tostivin, Simon Porter

Hogan Lovells

Party: African Export-Import Bank (Borrower)

Related deals