Africa Finance Corporation (AFC), the continent’s foremost provider of infrastructure solutions, has announced the successful completion of a $160 million Kimchi Term Loan with Mizuho Bank and Shinhan Bank.
The former acted as book-runners while the latter were the mandate lead arrangers. According to a statement released by the continental development finance institution, the successful closure of this facility was sequel to the inaugural $140 million Kimchi loan facility in 2019, which signalled AFC’s foray into the Korean debt market.
