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AFC’s debut Eurobond heavily oversubscribed

Image Credit: Wealth Cycles

Africa Finance Corporation, the Nigeria-based development finance institution, has issued a 5-year, $750 million Eurobond which has attracted $4.7 billion in bids from institutional investors in Asia, Europe and the USA. AFC said the notes, which are due to mature in 2020 are the first issue under a $3 billion global medium term note program. 

Read more at The Africa Report…

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