Commentary & Deal Flow

Reoffer: 5yr: T+130bp / 99.615 / 5.464%
Benchmark: CT5 31-May-31 @ 99-26.375 / Yield 4.164% / HR: 97.4%

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

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

• Issuer: Africa Finance Corporation (“AFC”), Ticker: AFRFIN
• Issuer’s LEI: 213800LXFHRRXIJRXW97
• Issuer Rating: A3 (stable) by Moody’s / A (positive ) by S&P
• Expected Issue Rating: A3 by Moody’s / A by S&P
• Status: Senior Unsecured
• Format: Regulation S; Category 2
• Offering Size: US$500m
• Tenor: 5 years
• Pricing Date: 16-Jun-26
• Settlement Date: 23-Jun-26 (T+5)
• Maturity Date: 23-Jun-31
• Coupon: 5.375%, Fixed, Semi-annual, 30/360
• Reoffer: T+130bps/ 5.464% / Px 99.615
• Benchmark: CT5 31-May-31 @ 99-26.375 / Yield 4.164% / HR: 97.4%
• Reg S Common Code/ISIN: 329685101 / XS3296851010
• 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
• TOE: 16.42 UKT
• FTT: 08:00 UKT, 17-Jun-26
• Hedge Deadline: 16:30 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)