Afreximbank wins seven awards at the 8th Annual Bonds, Loans & ESG Capital Markets Africa Awards

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is pleased to announce that it won seven honors in the transactional and house categories at the Bonds, Loans & ESG Capital Markets Africa honors 2023. The achievement of Afreximbank at this year’s awards shows the Bank’s steadily growing dominance in the loan and debt capital markets on the continent across the major industry sectors.

The 8th Annual Bonds, Loans & ESG Capital Markets Africa Awards honor and attempt to highlight the most creative and ground-breaking transactions from issuers and borrowers who are governments, corporations, and financial institutions. Awards are the result of a rigorous selection process that assesses Africa’s most innovative transactions and market actors. Candidates are nominated by a wide range of parties, including rival banks and their clients.

The Bank won awards for the following deals:

• Agency Bond Deal of the Year: Bank of Industry EUR 750mn 144a (in which Afreximbank acted as a Bookrunner)
• Oil & Gas Deal of the Year: Sonangol US $1.3billion (in which Afreximbank acted as Joint Coordinator, Co-MLA and Co-Bookrunner)
• Project Loan of the Year:  Canal Sugar US $750mn (in which Afreximbank also acted as Co-MLA)
• Export Finance Deal of the Year: Project Gleam / MoF Angola Rural Electrification EUR 1.3bn (in which Afreximbank acted as MLA of the commercial tranche)
• Power Finance Deal of the Year: Project Gleam / MoF Angola Rural Electrification EUR 1.3bn (in which Afreximbank acted as MLA of the commercial tranche)
• Sovereign, Supra, and Agency Debt House of the Year: Afreximbank, in recognition of its leading role in providing debt solutions to sovereigns, SoEs, central banks, and other government-owned financial institutions over the last year
• Project Sponsor of the Year: NNPC

Importantly, the awards provided Afreximbank with an appropriate venue to honor and recognize the exceptional accomplishments of its clients and partners as well as the exceptional contributions of a group of people and organizations working to advance the economic development of the African continent.

These Awards, which were introduced in 2015, have been instrumental in highlighting the significance and sophistication of the African financial services industry as well as its critical role in propelling the continent’s economic development. These Awards have significantly influenced Africa’s financial markets’ rising prestige and favorable status, as well as its enormous untapped potential, by honoring the accomplishments of African financial institutions, corporate entities, and individuals.

“We are pleased to receive these awards and grateful that Afreximbank’s strategic work in financial markets is being recognized even beyond the continent of Africa,” said Denys Denya, Executive Vice President – Finance, Administration & Banking Services, in response to the Bank’s honors. These accolades serve as a significant affirmation of the Bank’s actions in supporting, enabling, and promoting trade as well as its expanding efforts to support sustainable economic growth and development in Africa. We value the confidence and support of our clients and partners, and we will keep working together to promote trade and investment in Africa.