Global Courant 2023-05-01 15:48:21
Download logo
African Export-Import Bank (Afreximbank) (www.afreximbank.com) is pleased to announce that it has received seven awards at the Bonds, Loans & ESG Capital Markets Africa Awards 2023 in the Transactions and Homes categories. Afreximbank’s success at this year’s award reflects the bank’s increasingly established leading position in the credit and debt capital markets across the continent in key industrial sectors.
The 8th annual Bonds, Loans & ESG Capital Markets Africa Awards recognize – and seek to showcase – the most innovative and groundbreaking deals from issuers and borrowers of sovereign, corporate and financial institutions. Candidates are nominated by a broad selection of parties, including other banks and their clients, and awards reflect the culmination of an exhaustive selection process that tests Africa’s most pioneering transactions and market players.
In the transaction category, the Bank is pleased to have won awards for the following deals:
Agency Bond Deal of the Year: Bank of Industry EUR 750 million 144a (in which Afreximbank acted as Bookrunner)Oil & Gas Deal of the Year: Sonangol US$1.3 billion (in which Afreximbank acted as Joint Coordinator, Co-MLA and Co- Bookrunner )Project Loan of the Year: Canal Sugar US$750M (in which Afreximbank also acted as Co-MLA)Export Finance Deal of the Year: Project Gleam/MoF Angola Rural Electrification EUR1.3B (in which Afreximbank acted as MLA of the commercial tranche )Power Finance Deal of the Year: Project Gleam / MoF Angola Rural Electrification EUR 1.3 billion (in which Afreximbank acted as MLA of the commercial tranche)
In the housing category, the Bank is proud to have won awards for the following deals:
Sovereign, Supra, and Agency Debt House of the Year: Afreximbank, in recognition of its leadership role in providing debt solutions to sovereign states, state-owned companies, central banks, and other government-owned financial institutions over the past year. Project sponsor of the year: NNPC
Importantly, the awards provided a suitable platform for Afreximbank to recognize and celebrate the outstanding achievements of its clients and partners, as well as the outstanding contributions of a coalition of individuals and institutions working towards the economic development of the African continent.
Launched in 2015, these Awards continue to play an important role in promoting the importance and sophistication of the financial services industry in Africa and its pivotal role in accelerating economic development on the continent. By highlighting the achievements of African financial institutions, companies and individuals, these Awards have made a substantial contribution to the increasingly positive and prestigious status of African financial markets, as well as their vast untapped potential.
Commenting on the bank’s awards, Denys Denya, Executive Vice President – Finance, Administration & Banking Services said: “We are delighted to receive these awards and grateful that Afreximbank’s strategic work in financial markets even beyond the African continent is recognized. These awards are an important endorsement of the Bank’s commitment to financing, promoting and facilitating trade and its ongoing work to enable sustainable economic growth and development in Africa. We appreciate the support and trust of our partners and customers, and we will continue to work with them to boost trade and investment in Africa.”
Distributed by APO Group on behalf of Afreximbank.
Media contact:
Amadou Labba Sal
Manager, Media Relations
Afrexim bank
(email protected)
Follow us on:
Twitter: https://apo-opa.info/41qI9VY
Facebook: https://apo-opa.info/3MGRNQi
Linkedin: https://apo-opa.info/3KBxMYQ
Instagram: https://apo-opa.info/3UA1jH1
About Afrexim Bank:
African Export-Import Bank (Afreximbank) is a pan-African multilateral financial institution mandated to finance and promote trade within and outside Africa. For 30 years, the Bank has deployed innovative structures to provide financing solutions that support the transformation of the fabric of trade in Africa, accelerating industrialization and intra-regional trade, thereby fueling economic expansion in Africa. Afreximbank, a staunch supporter of the African Continental Free Trade Agreement (AfCFTA), has launched a Pan-African Payment and Settlement System (PAPSS) adopted by the African Union (AU) as the payment and settlement platform to support the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the bank is establishing a $10 billion adjustment fund to help countries participate effectively in the AfCFTA. At the end of 2022, Afreximbank’s total assets and guarantees exceeded US$31 billion, and its shareholder funds amounted to US$5.2 billion. The bank has paid out more than $86 billion between 2016 and 2022. Afreximbank has been awarded investment grade ratings by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity consisting of the Bank, its impact fund subsidiary named Fund for Export Development Africa (FEDA) and its insurance management subsidiary, AfrexInsure, (together “the Group”). For more information visit: www.afreximbank.com.
This press release is issued by APO. The content is not checked by the African Business editors and none of the content has been checked or validated by our editors, proofreaders or fact-checkers. The publisher is solely responsible for the content of this announcement.
