Africa Finance Corp. (AFC), a multilateral development financial institution dedicated to infrastructure financing in Africa, has issued a $750 million Eurobond to invest in critical infrastructure driving social, economic and sustainable change across Africa.
The final order book was oversubscribed at $2.6 billion, with funds coming from more than 200 investors across the United Kingdom, continental Europe, the Middle East, Asia and the United States.
“This reflects investor confidence in AFC’s mandate and investment strategy, which is particularly critical at a time when the COVID-19 pandemic has challenged Africa’s development,” said Samaila Zubairu, president and CEO of Africa Finance Corp. “AFC will continue to mobilize capital for investments to accelerate sustainable development impact with greater focus on reducing Africa’s energy deficit and job creation challenges through climate resilient infrastructure, energy transition and other projects drivi
