Commentary & Deal Flow

Final Books: Above $925m (excl. JLM). Peak book > $1.4bn (ex JLM)

Launched: 5yr: US$500m @ T+130bp - Books > $1.4bn (ex JLM)
Book Update: Books above $1.1bn (excl. JLM)
IPTs: 5yr: T+165a

• Issuer: Africa Finance Corp (“AFC”), Ticker: AFRFIN
• LEI: 213800LXFHRRXIJRXW97
• Ranking: Senior Unsecured
• Format: Reg S; Category 2
• Size: US$500m
• Tenor: 5 years
• Issuer Rating: A3/A (Moody's/S&P)
• Expected Issue Rating: A3/A (Moody's/S&P)
• Periodic Distribution: Fixed, Semi-annual, 30/360
• Pricing Date: 16-Jun-26
• Settlement Date: 23-Jun-26 (T+5)
• Maturity Date: 23-Jun-31
• Common Code: 329685101
• ISIN: XS3296851010
• Reference Gilt: T 4.125% 31-May-31 / HR 97.4%
• Hedge Deadline: 16:30 UKT
• Denominations: US$200k x 1k
• Use of Proceeds: General corporate purposes
• Listing: Euronext Dublin (Regulated Market) / London Stock Exchange's main market
• Clearing: Euroclear / Clearstream, Luxembourg
• Governing Law: English Law
• Documentation: US$5bn Global Medium Term Note Programme dated 19-Dec-25 and Supplement dated 05-Jun-26
• Joint Lead Managers: Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Goldman Sachs International, J.P. Morgan, Mizuho, MUFG (B&D), Standard Bank, Standard Chartered Bank
• Timing: Books subject at 13:30 UKT
• Marketing: FINAL LINK: www.netroadshow.com/nrs/home/#!/?show=722cdfdb(Recommended) OR Visit www.netroadshow.com and enter the entry code: AFC26 (not case-sensitive)