Afreximbank tops the loan market rankings in Bloomberg’s 2023 Capital Markets league tables for Sub-Saharan Africa

Afreximbank is ranked as primary Mandated Lead Arranger, Bookrunner, and Administrative Agent for Sub-Saharan Africa Borrower Loans. These rankings acknowledge the Financial institution’s management position in facilitating capital from inside and outdoors of the continent, from a various vary of buyers and stakeholders to satisfy the financing wants of African member states and organizations.

Topping these prestigious rankings in all three classes concurrently for the primary time within the Financial institution’s 30-year historical past is a testomony to the Financial institution’s outstanding progress, its systemic relevance on the continent, and its main market place within the African mortgage markets. Regardless of the challenges confronted by the African syndicated mortgage market in 2023, with volumes remaining comparatively subdued at US$32 billion and a complete of 82 loans solely closing through the yr, the rankings mirror Afreximbank’s unwavering dedication to its mandate.

Notably, the Financial institution has virtually doubled its market share in each the Mandated Lead Arranger (MLA) and Bookrunner classes, rising from 8% and 9% in 2022 to a formidable 19% and 14% in 2023, respectively. Within the Loans Company class, Afreximbank retained a big 15% market share, whereas reaching a outstanding milestone of securing the place of the primary facility agent for the primary time ever. The Financial institution’s specialised company crew is dedicated to rising the supply of those loans’ company and safety trustee providers and is actively managing among the largest loans on the continent.

These statistics mirror Afreximbank’s pivotal position in proactively stepping in to shut the funding hole throughout numerous business sectors and recognise the Financial institution’s continued management in mobilising and leveraging African capital from inside and worldwide capital from outdoors the continent from a various vary of buyers and stakeholders to fulfill the financing wants of African debtors.

Afreximbank’s elevated market share is especially noteworthy within the difficult sectors of oil and fuel and sovereign finance. Landmark financings in 2023 facilitated by the Financial institution embrace the US$1.3 billion Mission Gleam facility for Angolan Ministry of Finance , probably the most important “Inexperienced Mortgage” in Africa thus far; partial prefunding of the US$2.7 billion multi-sourced financing for Ministry of Finance & Planning Tanzania’s backed improvement of Tons 3-4 of the Normal Gauge Railway; the US$ 1.3 billion annual facility for Angolan nationwide oil firm Sonangol; and a US$ 2,25 billion preliminary dedication of the US$ 3.3 billion crude oil prepayment facility for the Nigerian Nationwide Petroleum Firm (NNPC).

Afreximbank President and Chairman of the Board of Administrators, Prof. Benedict Oramah, commented:

“These excellent rankings within the Bloomberg League tables underscore Afreximbank’s dedication to driving financial progress, facilitating capital flows throughout the African continent whereas reflecting our resilience and skill to navigate difficult market circumstances.  The success of our rankings is a testomony to the arduous work and dedication of my colleagues and reinforces our place as a trusted monetary companion for African organizations. We stay up for servicing their financing necessities for a few years to return.”
The Bloomberg Capital Markets tables showcase the highest arrangers, bookrunners and advisors throughout a broad array of deal sorts within the monetary sector together with loans, bonds, fairness and M&A transactions.