Africa Finance Corporation Secures Record-Low Funding in Eurobond Sale

The issuance drew heavy interest from institutional investors across the United Kingdom, Europe, Asia, the United States, and the Middle East, with order books closing at double the target amount. For the first time, central banks participated in the corporation's debt offering, a shift that AFC President and CEO Samaila Zubairu credits to the institution's growing reputation among global reserve managers. Rated A by S&P Global Ratings and A3 by Moody’s, the corporation maintains a strong investment-grade profile that remains resilient despite broader market volatility.

Expanding Infrastructure Investment

Banji Fehintola, head of financial services, noted that the inclusion of an African central bank among the buyers marks a strategic step toward mobilizing local institutional capital for continental projects. Issued under a US$5 billion Global Medium-Term Note Programme, the funds are earmarked to scale financing for critical industrial and infrastructure initiatives. The deal was managed by a consortium of global institutions, including Goldman Sachs, J.P. Morgan, and Standard Chartered, solidifying the corporation’s role as a primary conduit for development capital.