The bank came to the market at the end of January looking for a dual currency loan, split between a $180m tranche and a €92m ($120m) piece, to refinance a $300m facility. Both tranches pay margins of 225bp.
Afreximbank Participates in the US$1Bn. Senior Term and Revolving Finance Facility for Kansanshi Mining Plc., Zambia. Afreximbank contribution under this facility is US$100M.
First Quantum Minerals Ltd. (“First Quantum” or the “Company” or “FQM”, TSX Symbol “FM”, LSE Symbol “FQM”) is pleased to announce the signing of a US$1 billion senior term and revolving facility agreement for Kansanshi Mining PLC, holder of First Quantum’s 80% owned Kansanshi copper-gold project in Zambia. The five year Facility featuring flexible drawing
Signing Ceremony of a Memorandum of Understanding Between Euler Hermes Kreditversicherung & Price Waterhouse Coopers Aktiengesellschaft and African Export-Import Bank
The African Export-Import Bank (the ”Bank” or “Afreximbank”) today, entered into a Memorandum of Understanding (MoU) with Euler Hermes (“Hermes”) & Price WaterHouse Coopers (‘’PwC’’) (together “The German ECA”). The MoU, which was signed here, at the offices of Euler Hermes
2011 Annual Seminar/Workshops Of Afreximbank
The African Export-Import Bank (the “Bank” or “Afreximbank) today announced that it will be hosting the 2011 Edition of its Annual Seminar/Workshop on Structured Trade Finance and Factoring at the La Palm Royal Beach Hotel, Accra, Ghana, during November 29 – December 2, 2011.
Fitch Affirms Afreximbank At ‘BBB-‘/’F3’; Outlook Stable
Fitch Ratings-London/Paris-28 October 2011: Fitch Ratings has affirmed the African Export-ImportBank’s (Afreximbank) Long-term Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook andShort-term IDR at ‘F3’. Afreximbank’s ratings primarily reflect the bank’s sound structural asset quality despite its riskybusiness environment. Afreximbank’s operations are overwhelmingly made of short-term andself-liquidating trade finance loans extended to African
A Road Show with potential economic operators in Senegal
The opening ceremony, co-chaired by the Ministry of Economy and Finance and the Chamber of Commerce is scheduled at 9 :00 am. The purpose of the Road show is to inform the business community in Senegal of the Bank’s activities and financing opportunities it offers.
2009 Afreximbank Annual Seminar/Workshop On Structured Trade Finance Press Release
The African Export-Import Bank (the “Bank” or “Afreximbank”) today announced that it will be hosting the 2009 edition of its Annual Seminar/Workshop on Advanced Structured Trade Finance at the Intercontinental Hotel, Lusaka, Zambia during November 22-24, 2009. The 2009 Annual Seminar/Workshop, the ninth in the series of the Bank’s Seminar on “Advanced Structured Trade Finance”
The Signing Ceremony Of A Us$15 Million Line Of Credit Facility In Favour Of Bank Of Industry, Nigeria
The African Export-Import Bank (the”Bank” or “Afreximbank”) today signed a USD 15 million Trade Finance Line of Credit with Bank of Industry (BOI), Nigeria. The Facility Agreement was executed at the Abuja Branch Office of the Bank. Mr. Jean-Louis EKRA, President of Afreximbank signed on behalf of the Bank as lenders, while Mrs. Evelyn Oputu,
Afreximbank convenes its SIXTEENth general meeting of shareholders
The Shareholders of Afreximbank will be holding their 16th General Meeting at the Grand Palm Hotel, Gaborone, Botswana, during June 30-July 4, 2009, the Management of Afreximbank announced here today.
The Kingdom Of Lesotho Joins African Export-Import Bank (AFREXIMBANK)
The Kingdom of Lesotho has joined The African Export-Import Bank (“Afreximbank” or the “Bank”) as a Participating State. In a ceremony held here today at the sidelines of the 2009 Annual Meetings of the African Development Bank Group, the Honorable Minister of Finance of the Kingdom of Lesotho, Mr. Timothy Thahane formally delivered to the President of the Bank, Mr. Jean–Louis EKRA, an Instrument of Accession to the Agreement Establishing the African Export-Import Bank duly executed by the Government of the Kingdom of Lesotho.
Export Import Bank Of China Grants African Export-Import Bank (AFREXIMBANK) A Credit Line Amounting To Us$ 100 Million
The Export-Import Bank of China and The African Export-Import Bank (the “Bank” or “Afreximbank”) today signed an Agreement under which China Eximbank committed to grant Afreximbank a US$ 100 million Trade and Project Finance Line of Credit.
Signing Ceremony Of A Cooperation Agreement Between Africa Finance Corporation And African Export-Import Bank
The African Export-Import Bank (the “Bank” or “Afreximbank”) today, in Abuja, Nigeria entered into a Cooperation Agreement with the Africa Finance Corporation (“AFC” or the “Corporation”). The Agreement provides a framework for collaboration between the two institutions by harmonizing their resources for the promotion of trade and economic development in Africa.