Deals
Infrastructure Lender AFC Eyes Emerging Market Securitization
- ABS deal to be linked to at least $500 million of loans
- AFC also planning inaugural offer in panda bond market soon
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Africa Finance Corporation is working on a potential synthetic asset-backed securitization, as the infrastructure lender seeks to boost its capacity to fund projects from railways to renewable power plants.
AFC is eyeing a deal linked to a pool of at least $500 million of loans, said Banji Fehintola, the lender’s head of financial services and a member of its executive board. The firm is assessing other details including what investors to target.