African Export Import Bank (Afreximbank) (AFREXI)

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African Export Import Bank (Afreximbank) (AFREXI)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	SSA	PRCD	AFREXI	African Export Import Bank (Afreximbank)	$1,300		2	EMEA	May 10, 2021

Tranche #1African Export Import Bank (Afreximbank)

currency

USD

size (m)

600.000

maturity

May 17, 2026

type

Fixed

tenor

5.000

call

registration

144A/Reg S

benchmark

Tsy

ranking

Sr. Unsecured

moody's

Baa1

s&p

fitch

BBB-

size description

re-open/tap

ipt

T+220 a

ipt-pxd

guidance

T+200 a

spread

185

coupon

2.634%

spread set

price

100.00000

yield

2.634%

book size (m)

4,250

peak book (m)

x-covered

7.08

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

4,250

peak book (m)

x-covered

7.08

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2African Export Import Bank (Afreximbank)

currency

USD

size (m)

700.000

maturity

May 17, 2031

type

Fixed

tenor

10.000

call

registration

144A/Reg S

benchmark

Tsy

ranking

Sr. Unsecured

moody's

Baa1

s&p

fitch

BBB-

size description

re-open/tap

ipt

T+250 a

ipt-pxd

guidance

T+230 a

spread

220

coupon

3.798%

spread set

price

100.00000

yield

3.798%

book size (m)

2,000

peak book (m)

x-covered

2.86

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,000

peak book (m)

x-covered

2.86

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 4250; Registration: 144A/Reg S; Comments: USD600m 5yr bmk fxd, snr unsec RegS/144A. Baa1/NR/BBB-. With 10yr bmk. GC HSBC (B&D), JBs CMZ/ENBD/MUFG/StCh. IPTs T+220 area, guidance T+200 area, set T+185. Launch 600m, Combined bks ~4.5bn (peak >4.9bn), slight skew to 5yr, 1mPC. T 0.75% 04/26 @99-266 (HR:96%). GCR Rating: A-. FTT 8am Tues.; 10 yr: Book size: 2000; Registration: 144A/Reg S; Comments: USD700m 10yr bmk fxd snr unsec RegS/144A. Baa1/NR/BBB-. With 5yr bmk. GC HSBC (B&D), JBs CMZ/ENBD/MUFG/StCh. IPTs T+250 area, guidance T+230 area, set T+220. Launch 700m Combined bks ~4.5bn (peak >4.9bn), slight skew to 5yr, pre rec. 3mPC. | T 1.125% 02/31 @95-23+ (HR:94%) . FTT 8am Tues;

Use of Proceeds

General corporate purposes

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African Export Import Bank (Afreximbank) (AFREXI)

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