Ashurst advises Africa Finance Corporation on US$1.16bn equivalent debt finance raise

Global law firm Ashurst has advised the Africa Finance Corporation (AFC) on its US$ 1.16 Billion equivalent dual currency debt finance raise from a global syndicate of 11 lenders.

This is AFC's highest debt raise to date and the proceeds from the facilities will be used to finance its infrastructure, trade and impact development initiatives across the African continent.

The AFC transaction team comprised Modupe Famakinwa (Head, Corporate Funding & Investor Relations) Titilayo Oke (Vice President, Legal), John Asokhia (Senior Associate Counsel), Ifueko Oduekun (Senior Associate, Treasury) and Catherine Okwara (Associate, Corporate Funding & Investor Relations)

The Ashurst team was led by partner Matthew Wood, supported by associates Olufemi Omosuyi and Tomilayo Fadoju and trainee Brakemi Ebi-Ogbomah.

Commenting on the transaction, lead partner Matthew Wood said: "We're delighted to have assisted AFC on such a seminal transaction for the Africa debt market."