The Facility, which comprises two tranches, with both tranches (US$-denominated Tranche A and JPY-denominated Tranche B) carrying a tenor of three years each (bullet repayment), is AFC’s first Asian-currency denominated loan facility. It is an important step as the Corporation builds a broad coalition of investors to diversify its funds and allow institutions from around the globe to participate in Africa’s development.
Proceeds from the Facility will be used for general corporate purposes in accordance with AFC’s Establishment Agreement and the Charter.
Source:: African Media Agency
African Media Agency