Afreximbank raises US$ 1.5bln in largest-ever bond issuance
The bond was issued in two tranches, comprising US$ 750 million with a 5.5-year tenor, maturing in January 2032, and US$ 750mln with a 10-year tenor, maturing in July 2036
KAMPALA, July 28, 2026 — The African Export-Import Bank [ Afreximbank ] has successfully priced a US$ 1.5 billion dual-tranche Reg S/144A senior unsecured benchmark Eurobond, marking its first US dollar public bond issuance since July 2021 and its largest bond issuance to date.
The bond was issued in two tranches, comprising US$ 750 million with a 5.5-year tenor, maturing in January 2032, and US$ 750mln with a 10-year tenor, maturing in July 2036.
The transaction attracted strong demand from international investors across the UK, Europe, Asia and the United States, with the order book peaking at US$ 3.8bln.
The issuance was approximately two times oversubscribed, with demand evenly split between the two tranches. Supported by strong investor demand, Afreximbank tightened pricing by 37.5 basis points on each tranche, resulting in final yields of 6.25 percent for the 5.5-year tranche and 7.125 percent for the 10-year tranche.
The successful return to the US dollar public bond market follows the bank’s issuance of bonds in alternative formats and currencies in recent years, including Samurai bonds in 2024 and 2025 and a Panda bond in 2025.
Commenting on the transaction, Chandi Mwenebungu, Afreximbank’s Managing Director, Treasury and Markets, and Group Treasurer, said the issuance demonstrated continued investor confidence in the bank and Africa’s economic prospects.
“This successful issuance shows the confidence that investors continue to place in Afreximbank and in Africa’s growth story. For us, this is a clear sign that the market continues to believe in Afreximbank’s work and in Africa’s economic prospects,” Mwenebungu said.
“Our role remains to connect capital to the opportunities that will drive trade, industrialisation and growth across the continent,” he added.
HSBC Bank plc acted as the global coordinator, while Standard Bank of South Africa Limited, Standard Chartered Bank, Commerzbank Aktiengesellschaft and MUFG Securities EMEA Plc acted as joint lead managers and joint bookrunners.
The transaction marks another milestone in Afreximbank’s funding journey and underscores the bank’s continued ability to access international capital markets on competitive terms while connecting global capital to Africa’s long-term growth prospects.
https://thecooperator.news/afreximbank-one-street-studios-back-us1bln-film-fund/
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