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Africa Finance Corporation 2020

Summary
SPV Name:
AFC Sukuk Company 

Notes:
The initial target of $100 million was more than twice oversubscribed, resulting in the transaction being upsized to $150 million and a final order book of approximately $230 million. IFirst Sukuk to be issued by an African supranational entity and was offered to international investors outside of the United States on a private placement basis. AFC Sukuk Company incorporated in Cayman Islands. Reg S Sukuk facility. Approximately 63% of the investors hailed from Asia, 23% from the Middle East, 13% from Africa and the other regions making up the remaining 1%.  


Profit rate:
6m$L+200bps
 
Download Documents:
 
Sukuk Details
Type:
Murabahah 

Issue Size:
$150 million 

Currency:
USD 

Maturity:
24 January 2020 

Country of Issue:
Nigeria 

Tenor:
3 years 
Issue Date:
27 January 2017 
Sukuk Rating:
Moody’s: A3 senior unsecured 
Exchanges:
Arrangers:
Advisors:
 
 
 

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