Africa Finance Company (www.AfricaFC.org), the continent’s main instrumental infrastructure supplier, obtained the celebrated Sovereign, Supra & Company Treasury & Funding Crew of the Yr Award on the 2024 Bonds, Loans & ESG Capital Markets Africa Awards in Cape City yesterday, whereas AFC’s investee firm Infinity Energy Holdings was awarded M&A Deal of the Yr.
Since 2014, the Bonds & Loans Awards has been recognising probably the most modern and ground-breaking offers from sovereign, company and monetary issuers and debtors, celebrating excellent achievements and highlighting important contributions to the event of capital markets throughout Africa. An exhaustive choice course of examines deal measurement, tenor, construction, and distribution; a borrower’s accessibility to finance; and focuses significantly on offers demonstrating prime quality execution, accessing new swimming pools of liquidity, modern structuring, and opening-up of latest markets.
The Sovereign, Supra & Company Treasury & Funding Crew Award recognises AFC’s experience within the international capital markets by way of the profitable execution of a number of strategic funding transactions within the final 12 months. Notable offers closed embrace a US$625 million syndicated mortgage from a consortium of lenders, a EUR50 million mortgage facility settlement with Italy’s Cassa Depositi e Prestiti SpA (CDP), a US$350 million long-term line of credit score with the African Growth Financial institution (AfDB), a US$300 million facility from the Export-Import Financial institution of China, and assist to the Arab Republic of Egypt as re-guarantor on a personal placement providing of JPY75 billion of 5-year Samurai bonds. The success of the transactions demonstrates international investor confidence in AFC’s robust credit score profile and talent to ship de-risked and transformational infrastructure initiatives that propel Africa to its rightful place on the worldwide stage.
AFC’s investee firm, Infinity Energy Holdings, received the M&A Deal of the Yr, recognising the corporate’s profitable acquisition of Lekela Energy BV, Africa’s largest wind platform, by AFC alongside partners- Infinity WorldWide, the principal sponsors of Infinity Energy Holdings; Masdar, the renewable power firm of the Authorities of the United Arab Emirates; and the European Financial institution for Reconstruction and Growth. The completion of the transaction signifies the rising significance of world capital funding Africa’s key function in reaching international power transition. AFC performed a number one function in proffering an modern funding answer, with the Company deploying a set of fairness and quasi-equity devices. Following the acquisition, Infinity Energy Holdings is now the most important renewable power firm in Africa, with 1.3 GW of operational initiatives and a 14 GW undertaking pipeline. Via its operations, Infinity Energy avoids greater than 3.4 million tons of CO2 emissions per 12 months, generates greater than 4,000GWh of zero carbon power, and powers greater than 1.2 million properties, incomes international recognition as a UN sustainability local weather chief.
Commenting on the awards, AFC Senior Director & Treasurer, Banji Fehintola mentioned: “We’re honoured to obtain these prestigious awards which not solely recognise AFC’s dedication to fast industrialisation, worth seize and job creation in Africa however reveal the very essence of AFC as an establishment with robust entry to capital markets that gives modern financing options to unleash Africa’s immense potential. We’re immensely happy with our groups’ dedication and experience, which permits us navigate advanced monetary landscapes and forge strategic partnerships that drive optimistic change within the area.”
Distributed by APO Group on behalf of Africa Finance Company (AFC).
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Company
Cell : +234 1 279 9654
Electronic mail : [email protected]
About AFC:
AFC was established in 2007 to be the catalyst for personal sector-led infrastructure funding throughout Africa. AFC’s method combines specialist business experience with a give attention to monetary and technical advisory, undertaking structuring, undertaking improvement, and threat capital to deal with Africa’s infrastructure improvement wants and drive sustainable financial progress.
Seventeen years on, AFC has developed a observe report because the accomplice of alternative in Africa for investing and delivering on instrumental, high-quality infrastructure belongings that present important providers within the core infrastructure sectors of energy, pure sources, heavy business, transport, and telecommunications. AFC has 43 member international locations and has invested US$13 billion throughout Africa since inception. www.AfricaFC.org
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