Commentary & Deal Flow

Book Update: Orderbooks in excess of US$2.75bn (excl. JLM), slight skew to 10yr
IPTs: 5.5yr: 6.625%a 10yr: 7.500%a

• Issuer: The African Export-Import Bank (“Afreximbank”)
• Issuer LEI: 21380068LJCDYA42GJ76
• Issuer Ratings: Baa2/BBB+/A (Moody's/S&P/GCR)
• Expected Issue Ratings: Baa2/BBB+ (Moody's/S&P)
• Format: 144A/Reg S
• Status: Senior Unsecured
• Settlement Date: 23-Jul-26 (T+5)
• Currency/Size: US$ Benchmark
• Tenor:
• • 5.5yr: 5.5-years
  • 10yr: 10-years
• Maturity Date:
• • 5.5yr: 23-Jan-32
  • 10yr: 23-Jul-36
• Optional Redemption:
• • 5.5yr: 1-month par call prior to maturity / MWC / CoC
  • 10yr: 3-month par call prior to maturity / MWC / CoC
• Coupon:
• • 5.5yr: Fixed rate, semi-annual, 30/360
  • 10yr: Fixed rate, semi-annual, 30/360
• Interest Payment Dates:
• • 5.5yr: 23 January and 23 July in arrear, commencing on 23-Jan-27
  • 10yr: 23 January and 23 July in arrear, commencing on 23-Jan-27
• ISINs (144a / RegS):
• • 5.5yr: US00831TAD37 / XS3437376703
  • 10yr: US00831TAE10 / XS3437376612
• Common Codes (144a / RegS):
• • 5.5yr: 343860889 / 343737670
  • 10yr: 343860935 / 343737661
• CUSIPs:
• • 5.5yr: 00831T AD3
  • 10yr: 00831T AE1
• Listing: Euronext Dublin GEM
• Clearing: Euroclear/Clearstream/DTC
• Governing Law: English
• Denominations: US$200k + 1k
• UoP: General corporate purposes including refinancing of existing bridge facility
• Documentation: US$10,000,000,000 Global Medium Term Note Programme Base Prospectus dated 16-Jul-26
• Global Coordinator: HSBC (B&D)
• Joint Lead Managers: Commerzbank, MUFG, Standard Bank and Standard Chartered Bank
• Timing: Books open, today’s business
• Stabilisation: ICMA/FCA stabilisation applies