Afreximbank Breaks New Ground with $299.9m Chinese Panda Bond, Opens Door for African Issuers

In a landmark step toward expanding its access to global capital, the African Export-Import Bank (Afreximbank) has raised $299.90 million (2.2 billion renminbi) through its debut Chinese Panda bond issuance, becoming the first African multilateral financial institution, and only the second African entity, to tap into China’s onshore bond market. Issued with an interest rate [...]The post Afreximbank Breaks New Ground with $299.9m Chinese Panda Bond, Opens Door for African Issuers appeared first on Tekedia.

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