Africa Finance Corp Gets $100m Loan From Korea Development Bank

The new bilateral loan will support mid-term liquidity, according to AFC statement.

• Tenor: 5Y
• The facility follows a $389m Samurai loan AFC raised in October from Japanese lenders
• AFC has been turning to Asia for funds with a $400m loan led by KDB in 2021, and another $140m financing sold to Korean lenders solely in 2019

Source: Bloomberg