GLOBAL: Strong investor demand led the Africa Finance Corporation (AFC) to raise US$400 million with its Shariah compliant commodity Murabahah facility – upsized from US$300 million. Coming eight years after the US$230 million Sukuk by AFC in 2017, this latest transaction to meet Africa’s infrastructure needs received 47% oversubscription from 11 Islamic financial institutions. AFC also raised US$500 million from its first perpetual hybrid bond in January 2025.
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