Africa Finance Corporation successfully issues its first perpetual hybrid bond

The Africa Finance Corporation (AFC) has successfully completed its first ever perpetual hybrid bond issue with a coupon of 7.50%, raising an amount of USD 500 million. This issue, oversubscribed 1.5 times with 1.1 billion USD in orders, strengthens the financial solidity of the institution. The AFC emphasizes that this new financial development will allow it to strengthen its capital base and……

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