Africa Finance Corporation sells $500 mln bond in international markets return

LONDON, Oct 2 (Reuters) – The Africa Finance Corporation (AFC) said on Wednesday it issued a $500 million Eurobond in an oversubscribed transaction, its first tapping of international capital markets in roughly thtree years.

The five-year note has a 5.55% coupon and drew an order book of more than $1.2 billion, the AFC said in an emailed statement.

The lender, which focuses on financing infrastructure projects across the continent, is owned by Nigeria’s central bank and other African financial institutions.

(Reporting by Karin Strohecker, editing by Libby George)

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