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The African Export-Import Bank (Afreximbank) has been ranked number one in all three categories in the Bloomberg Capital Markets League Tables Report for African Capital Markets.
Afreximbank is ranked as number one Mandated Lead Arranger, Bookrunner and Administrative Agent for Sub-Saharan Africa Borrower Loans, according to a statement issued on Thursday.
These rankings recognise the Bank’s leadership role in facilitating capital from within and outside of the continent, from a diverse range of investors and stakeholders to fulfill the financing needs of African member states and organisations.
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“Topping these prestigious rankings in all three categories simultaneously for the first time in the Bank’s 30-year history is a testament to the Bank’s remarkable growth, its systemic relevance on the continent and its leading market position in the African loan markets.
“Despite the challenges faced by the African syndicated loan market in 2023, with volumes remaining relatively subdued at US$32 billion and a total of 82 loans only closing during the year, the rankings reflect Afreximbank’s unwavering commitment to its mandate,” the statement indicated.
Notably, the Bank has almost doubled its market share in both the Mandated Lead Arranger (MLA) and Bookrunner categories, rising from eight percent and nine in 2022 to an impressive 19 percent and 14 percent in 2023, respectively.
In the Loans Agency category, Afreximbank retained a significant 15 percent market share, while achieving a remarkable milestone of securing the position of the number one facility agent for the first time ever.
The Bank’s specialised agency team is reportedly committed to growing the provision of these loans’ agency and security trustee services and is actively managing some of the largest loans on the continent.
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