Africa Finance Corp. Lists Bonds on London Stock Exchange
Africa Finance Corporation (AFC) closed the London Markets in recognition of its first listing on the London Stock Exchange, continued success in global debt markets, and pivotal role in driving Africa’s economic transformation, the exchange said in a statement.
AFC’s return to the international bond market is marked by two milestone transactions—an oversubscribed US$500 million 144A/Reg S Senior Unsecured 5-year Eurobond and its inaugural US$500 million perpetual hybrid bond.
With a 145% increase in volume of issuance out of the continent on the London Stock Exchange over the last 3 years across multiple currencies, Africa has been an active region bringing innovative transactions to the international capital markets.
Of these transactions, AFC’s issuances underscore strong investor confidence in its robust investment-grade credit profile and high-impact investments in Africa’s core infrastructure sectors.
Established in 2007, AFC was created to be a catalyst for pragmatic infrastructure and industrial investments across Africa.
By combining specialist expertise in financial and technical advisory, project structuring, development, and risk capital, AFC drives sustainable economic growth in sectors including power, natural resources, heavy industry, transport, and telecommunications and continues to bridge Africa’s infrastructure gap and unlock the continent’s vast economic potential.
The London Stock Exchange held a roundtable discussion in partnership with AFC and Africa Practice, a strategic consulting firm advising investors and development partners, convening leading investors, banks, and credit rating agencies for a discussion titled “Unpacking the Africa Risk Premium: Costs, Causes, and Mitigation Strategies,” examining how risk perceptions influence capital costs for African borrowers and exploring solutions to correct global market mispricing. #Africa Finance Corp. Lists Bonds on London Stock Exchange Nigeria’s Rig Count to Reach 50 Year End – NUPRC
