London Stock Exchange welcomes Africa Finance Corporation following Landmark Bond Issuances

The London Stock Exchange (LSE) welcomes the Africa Finance Corporation (AFC) in recognition of its first listing on the London Stock Exchange and its continued success in global debt markets and pivotal role in driving Africa’s economic transformation. AFC’s recent return to the international bond market is marked by two milestone transactions—an oversubscribed US$500 million 144A/Reg S Senior Unsecured 5-year Eurobond and its inaugural US$500 million Perpetual Hybrid Bond.

The team celebrating on the balcony at LSEG during the welcome ceremony.

The Eurobond, listed on the London Stock Exchange Main Market and Euronext Dublin, was priced at 5.55% attracting an impressive US$1.3 billion in orders- a reflection of the strength of investor confidence in AFC’s credit profile. Meanwhile, AFC’s Perpetual Hybrid Bond achieved a final yield of 7.625% tightening by 37.5bps, further solidifying AFC’s reputation as an innovative financial leader in Africa.

AFC: Mobilising Capital for Africa’s Economic Transformation

Established in 2007, AFC was created to be a catalyst for pragmatic infrastructure and industrial investments across Africa. By combining specialist expertise in financial and technical advisory, project structuring, development, and risk capital, AFC drives sustainable economic growth in sectors including power, natural resources, heavy industry, transport, and telecommunications. 

Recognised by leading credit agencies, AFC holds an A3 (stable) rating from Moody’s, AAA from S&P Global (China), and AAA from China Chengxin International Credit Rating Co. Ltd. With 45 member countries and an investment portfolio exceeding US$15 billion across 36 African nations, AFC continues to bridge Africa’s infrastructure gap and unlock the continent’s vast economic potential.

Watch Africa Finance Corporation’s story

[Music playing in the background. Video captures from the event.][Samaila Zubairu, President & CEO, Africa Finance Corporation] You know, we're very glad, you know,to have this partnership with the London Stock Exchange to beable to list our bonds.We just did a $500 hundred million perpetual bond,hybrid perpetual bond,and we think that that's an instrument that we should comeback to the market forand this is an opportunity to do that.Why is that important?Africa represents the most significanturbanisation opportunity in the world today.[Banji Fehintola, Executive Director & Head of Financial Services, Africa Finance Corporation] I think it's a moment of reflection. for us, you know,doing this, celebrating it on the London Stock Exchange.It also obviously shows the partnership between London as amajor financial centre and AFC,which kind of symbolizes the African continent.[Sameh Shenouda, Executive Director & Chief Investment Officer, Africa Finance Corporation] We see Africa as a solution to the world,whether through providing raw materials,through providing oil, gas, solar, wind energy,and we see ourselves as the catalyst to execute that.So we see ourselves as a conduitto the development of Africa and the integration of Africainto the world economy.That when you invest in AFC,you can actually see the bridge, the port, the rail,the industry, and the people that are working.So we give life to the opportunity.We're always accessing development impact.So with us, you're not wondering where the money is going through.You see it.

AFC Leadership Perspective

“These transactions highlight the growing confidence of international investors in AFC’s mission and Africa’s economic trajectory. Our return to the Eurobond market last year, alongside our inaugural Perpetual Hybrid Bond this year, reaffirms AFC’s role in mobilising long-term capital for Africa’s critical infrastructure, industrialisation, and sustainable development.”

Samaila Zubairu
President & CEO of AFC

Strategic Partnerships in Global Markets

AFC’s success in these transactions was supported by BofA Securities, Citigroup, First Abu Dhabi Bank, and Goldman Sachs International acting as Global Coordinators and Joint Bookrunners, alongside Rand Merchant Bank and SMBC Nikko as Joint Bookrunners for the Senior Unsecured Eurobond issue.

BofA Securities, Emirates NBD Capital, J.P. Morgan, Mashreqbank PSC., MUFG and Société Générale acted as Joint Lead Managers for the Perpetual Hybrid Bond issuance, reinforcing AFC’s global financial standing and its ability to attract international capital.

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