Africa Finance Corp (AFRFIN)

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Africa Finance Corp (AFRFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	SSA	PRCD	AFRFIN	Africa Finance Corp	$500		1	EMEA	Oct 1, 2024

Tranche #1Africa Finance Corp

currency

USD

size (m)

500.000

maturity

Oct 8, 2029

type

Fixed

tenor

5.000

call

registration

144A/Reg S (Cat 2)

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

Will Not Grow

re-open/tap

ipt

5.75% area

ipt-pxd

guidance

5.75% area

spread

coupon

5.550%

spread set

price

100.00000

yield

5.550%

book size (m)

1,200

peak book (m)

x-covered

2.4

book attrition

nic

billing & delivering

active leads

,,,

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,200

peak book (m)

x-covered

2.4

book attrition

nic

billing & delivering

active leads

,,,

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 1200; Registration: 144A/Reg S (Cat 2); Comments: USD500m 5yr bmk snr unsec RegS/144A. A3. GloCo/JBs: BofA/Citi/1ADB/GS(B&D), JLMs: Rand/SMBCNikko. Guidance 5.750% area, launch 500m at 5.55%. Final books 1.2bn+ ex JLM (peak 1.3bn+ ex JLM). T 3.5 09/30/29 @ 100-1 ¾ (3.488%) / T+206.2bps. FTT 8am Weds. LEI: 213800LXFHRRXIJRXW97;

Deal Comments

Africa Finance Corp (AFRFIN), exp A3 by Moody's, US$500m (no grow) 144A/Reg S (CAT 2) 5y fixed rate sr notes due 10/8/29. BofA/Citi/FADB/GS (B&D) as JGCs/JBRs; Rand/SMBC as JLMs/JBRs. UOP: gcp. Pricing 10/1. Settle 10/8. GUIDANCE: 5.75% area. LAUNCHED: $500m 5y at 5.55%. PRICED: $500m 5.55% 10/8/29 100.00 5.55%.

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