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African Export-Import Bank launches $750 million five-year notes at 300 bps over mid-swaps
By Christine Van Dusen
Atlanta, May 17 – African Export-Import Bank (Afreximbank) launched a $750 million offering of notes due May 24, 2021 (expected ratings: Baa2//BBB-) at mid-swaps plus 300 basis points, a market source said.
MUFG is the global coordinator, and Barclays, HSBC, MUFG, Rand Merchant Bank and Standard Chartered Bank are the joint leads for the Regulation S deal.
Afreximbank is a Cairo, Egypt-based international bank specializing in trade-related financing for Africa.
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