Bond African Finance Corporation 2.875% ( XS2337067792 ) in USD

Issuer	African Finance Corporation
Market price	100 % ▲
Country	Nigeria
ISIN code	XS2337067792 ( in USD )
Interest rate	2.875% per year ( payment 2 times a year)
Maturity	27/04/2028
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Minimal amount	200 000 USD
Total amount	750 000 000 USD
Next Coupon	28/10/2025 ( In 44 days )
Detailed description	Africa Finance Corporation (AFC) is a multilateral development finance institution that provides financing for infrastructure projects across Africa, focusing on power, natural resources, transport, and telecommunications. This financial report details the XS2337067792 bond, an obligation issued by the Africa Finance Corporation (AFC), a leading multilateral financial institution established by sovereign African states to facilitate and finance infrastructure development across the continent. While the country of issuance is noted as Nigeria, the AFC operates with a broader, pan-African mandate, focusing on critical projects that drive economic growth and industrialization throughout Africa. The bond is currently trading at par, priced at 100% of its face value, and is denominated in United States Dollars (USD), offering investors a fixed annual interest rate of 2.875%. This specific issuance has a substantial total size of $750,000,000, reflecting a significant capital raise for the corporation's development initiatives, with a minimum purchase requirement set at $200,000, targeting institutional or high-net-worth investors. The bond carries a maturity date of April 27, 2028, positioning it as a medium-term investment, and provides income to investors through semi-annual interest payments.