Latest news with #SustainabilityLinkedLoan
Zawya
22-07-2025
- Business
- Zawya
Africa Finance Corporation wins $255mln green loan backed by UAE banks
Africa Finance Corporation (AFC), the continent's leading infrastructure solutions provider, has secured an inaugural Sustainability-Linked Term Loan Facility, marking a significant milestone in the corporation's innovative funding strategy and deepening its financial ties with the UAE. The AED937.50 million ($255 million) facility reflects AFC's commitment to use financial innovation tools to optimise funding for transformative infrastructure, AFC said. The loan facility was anchored by a syndicate of prominent UAE-based financial institutions. Abu Dhabi Commercial Bank, Emirates NBD Capital Limited, First Abu Dhabi Bank, Mashreqbank, and the National Bank of Ras Al Khaimah acted as Initial Mandated Lead Arrangers and Bookrunners (IMLABs). Mashreqbank additionally served as Global Coordinator and Documentation Agent, while First Abu Dhabi Bank acted as Sustainability Coordinator and Emirates NBD Bank acted as the Facility Agent. Along with further expanding AFC's geographical funding base, the transaction aligns future borrowing costs with measurable environmental outcomes through predefined Sustainability Performance Targets (SPTs), AFC said. The structure allows AFC to benefit from reduced loan costs upon achieving key sustainability targets, signaling to investors and stakeholders the importance of environmental responsibility to its infrastructure investment mandate. 'This facility represents a key milestone in AFC's journey,' said Banji Fehintola, Executive Board Member & Head, Financial Services, AFC. 'By tapping the UAE Dirham market and embedding sustainability performance into our funding terms, we are not only diversifying our funding sources but also aligning our financing strategy with our mission to catalyse infrastructure-driven economic growth and industrial development across Africa. This transaction is a testament to the strength of our partnerships in the UAE and our continued commitment to sustainable infrastructure development across Africa.' This facility builds on AFC's strong momentum in diversified and sustainable capital raising. Following a record $1.16 billion syndicated loan in 2024, AFC debuted a $500 million hybrid capital issuance and a $400 million Murabaha facility in 2025. The corporation also expanded its climate finance instruments - having issued a CHF150 million Green Bond in 2020, and in 2024, pioneering Green Shares with a $30 million equity investment from the African Development Bank. These efforts complement AFC's strategic stake in Lekela Power, through Infinity, forming Africa's largest renewable energy platform with over 1 GW of clean power capacity, reaching 1.2 million homes and avoiding 7.9 million tonnes of CO₂ emissions annually. Distributed by APO Group on behalf of Africa Finance Corporation (AFC). - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
21-07-2025
- Business
- Zawya
Africa Finance Corporation secures inaugural AED937.5mln sustainability-linked loan backed by United Arab Emirates (UAE) Banks
DUBAI, United Arab Emirates / -- Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has secured an inaugural Sustainability-Linked Term Loan Facility, marking a significant milestone in the Corporation's innovative funding strategy and deepening its financial ties with the UAE. The AED 937.50 million (US$255 million) facility reflects AFC's commitment to use financial innovation tools to optimise funding for transformative infrastructure. Along with further expanding AFC's geographical funding base, the transaction aligns future borrowing costs with measurable environmental outcomes through predefined Sustainability Performance Targets (SPTs). The structure allows AFC to benefit from reduced loan costs upon achieving key sustainability targets, signaling to investors and stakeholders the importance of environmental responsibility to its infrastructure investment mandate. The loan facility was anchored by a syndicate of prominent UAE-based financial institutions. Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, Mashreqbank PSC, and the National Bank of Ras Al Khaimah (P.S.C.) acted as Initial Mandated Lead Arrangers and Bookrunners (IMLABs). Mashreqbank PSC additionally served as Global Coordinator and Documentation Agent, while First Abu Dhabi Bank PJSC acted as Sustainability Coordinator and Emirates NBD Bank (P.J.S.C.) acted as the Facility Agent. 'This facility represents a key milestone in AFC's journey,' said Banji Fehintola, Executive Board Member & Head, Financial Services, AFC. 'By tapping the UAE Dirham market and embedding sustainability performance into our funding terms, we are not only diversifying our funding sources but also aligning our financing strategy with our mission to catalyse infrastructure-driven economic growth and industrial development across Africa. This transaction is a testament to the strength of our partnerships in the UAE and our continued commitment to sustainable infrastructure development across Africa.' This facility builds on AFC's strong momentum in diversified and sustainable capital raising. Following a record US$1.16 billion syndicated loan in 2024, AFC debuted a US$500 million hybrid capital issuance and a US$400 million Murabaha facility in 2025. The Corporation also expanded its climate finance instruments - having issued a CHF150 million Green Bond in 2020, and in 2024, pioneering Green Shares with a US$30 million equity investment from the African Development Bank. These efforts complement AFC's strategic stake in Lekela Power, through Infinity, forming Africa's largest renewable energy platform with over 1 GW of clean power capacity, reaching 1.2 million homes and avoiding 7.9 million tonnes of CO₂ emissions annually. Distributed by APO Group on behalf of Africa Finance Corporation (AFC). About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception.
Zawya
21-07-2025
- Business
- Zawya
Africa Finance Corporation Secures Inaugural AED 937.5 Million Sustainability-Linked Loan Backed by United Arab Emirates (UAE) Banks
Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has secured an inaugural Sustainability-Linked Term Loan Facility, marking a significant milestone in the Corporation's innovative funding strategy and deepening its financial ties with the UAE. The AED 937.50 million (US$255 million) facility reflects AFC's commitment to use financial innovation tools to optimise funding for transformative infrastructure. Along with further expanding AFC's geographical funding base, the transaction aligns future borrowing costs with measurable environmental outcomes through predefined Sustainability Performance Targets (SPTs). The structure allows AFC to benefit from reduced loan costs upon achieving key sustainability targets, signaling to investors and stakeholders the importance of environmental responsibility to its infrastructure investment mandate. The loan facility was anchored by a syndicate of prominent UAE-based financial institutions. Abu Dhabi Commercial Bank PJSC, Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, Mashreqbank PSC, and the National Bank of Ras Al Khaimah (P.S.C.) acted as Initial Mandated Lead Arrangers and Bookrunners (IMLABs). Mashreqbank PSC additionally served as Global Coordinator and Documentation Agent, while First Abu Dhabi Bank PJSC acted as Sustainability Coordinator and Emirates NBD Bank (P.J.S.C.) acted as the Facility Agent. 'This facility represents a key milestone in AFC's journey,' said Banji Fehintola, Executive Board Member&Head, Financial Services, AFC. 'By tapping the UAE Dirham market and embedding sustainability performance into our funding terms, we are not only diversifying our funding sources but also aligning our financing strategy with our mission to catalyse infrastructure-driven economic growth and industrial development across Africa. This transaction is a testament to the strength of our partnerships in the UAE and our continued commitment to sustainable infrastructure development across Africa.' This facility builds on AFC's strong momentum in diversified and sustainable capital raising. Following a record US$1.16 billion syndicated loan in 2024, AFC debuted a US$500 million hybrid capital issuance and a US$400 million Murabaha facility in 2025. The Corporation also expanded its climate finance instruments - having issued a CHF150 million Green Bond in 2020, and in 2024, pioneering Green Shares with a US$30 million equity investment from the African Development Bank. These efforts complement AFC's strategic stake in Lekela Power, through Infinity, forming Africa's largest renewable energy platform with over 1 GW of clean power capacity, reaching 1.2 million homes and avoiding 7.9 million tonnes of CO₂ emissions annually. Distributed by APO Group on behalf of Africa Finance Corporation (AFC). Media Enquiries: Yewande Thorpe Communications Africa Finance Corporation Mobile: +234 1 279 9654 Email: About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception.
Yahoo
28-05-2025
- Business
- Yahoo
Long term financing for Somincor and Zinkgruvan acquisition in place
STOCKHOLM, May 28, 2025 /PRNewswire/ -- "The acquisition of Somincor and Zinkgruvan is pivotal to the long-term development of Boliden. I am of course very pleased that we now have concluded the financing of the acquisition, fully in line with the intentions at the announcement of the transaction. We are also grateful for the wide support from our relationship banks, shareholders, and other stakeholders", says Håkan Gabrielsson, CFO Boliden. Boliden has entered into Sustainability Linked EUR 700 m Term Loan (Term Loan) with a three-year tenor with the option to be extended by two additional years in total. The loan is provided by BNP Paribas, Royal Bank of Canada, Skandinaviska Enskilda Banken, ING, Nordea, Danske Bank, DNB and Swedbank. The proceeds from the Term Loan will be used to repay the bridge loan agreement which was put in place to finance the acquisition of Somincor copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden. Together with the equity raised by Boliden in March 2025 and the exclusion of dividend in 2025, approved by the Annual General Meeting in April 2025, the Term Loan marks the final step in the take-out financing of the bridge loan agreement which now has been fully repaid. For further information, please contact:Klas NilssonDirector Group Communications+46 70 453 65 This information was brought to you by Cision The following files are available for download: Press release View original content: SOURCE Boliden Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
