Economy
Afreximbank Issues $1.3bn Dual Tenor Bond
By Adedapo Adesanya
The African Export-Import Bank (Afreximbank) has successfully closed a $1.3 billion dual tenor bond issuance, its largest-ever transaction in the international debt capital markets.
The bank announced this in a statement in its headquarters in Cairo, Egypt on Tuesday.
It said that it printed a $600 million five-year note at a spread of T+185 basis points (bps) and a $700 million 10-year note at a spread of T+220bps.
The bank explained that this was after achieving a final order book of $4.5 billion.
It said in the statement, “The Initial Pricing Thoughts (IPTS) were announced at T+220bps area and T+250bps area for the five-year and 10-year tranches, respectively.
“Backed by strong demand, the combined books peaked at $5 billion, with a slight skew towards the five-year tranche, seeing pricing set at T+185bps to a re-offer yield of 2.634 per cent and T+220bps to a re-offer yield of 3.798 per cent respectively.
“The 10-year tranche was finally priced at only a five bps New Issue Premium (NIP), while the five-year was priced flat to fair value”.
According to the statement, Afreximbank Advisory and Capital Markets (ACMA) acted as Sole Financial Advisors on the transaction.
Also, Afreximbank partners in arranging the transaction were Hongkong and Shangai Banking Corporation (HSBC) plc as Sole Coordinator and Joint Lead Manager/Book Runner.
It also had Mitsubishi UFJ Financial Group (MUFG), Emirates NBD Bank PJSC, Commerzbank and Standard Chartered Bank as Joint Lead Managers and Book Runners.
It added that the transaction was a major milestone for Afreximbank, marking the second time that the bank had accessed the 144A US market and was the bank’s largest transaction in the debt capital markets to date.
The bank said that it fulfilled a number of key objectives of its Liability Management strategy, which included diversification of the liability book by geography, investor type and tenor as well as reducing the cost of funds.
The statement said that prior to pricing the transaction, Afreximbank met with both new and existing investors during well-attended virtual roadshows covering Africa, Gulf countries, Europe, Asia and the USA.
It also received overwhelmingly strong feedback, noting confidence in Afreximbank’s credit profile and strategy.
Investors also complimented the bank for helping its member countries adjust to the shocks caused by the COVID-19 pandemic, through its Pandemic Trade Impact Facility (PATIMFA), it stated.
Speaking after the closing, Mr Denys Denya, Afreximbank’s Executive Vice President responsible for Treasury, said the landmark deal confirms continuing investor deep confidence in Afreximbank’s mission and credit story.
“It also confirms that achieving competitive pricing for both tranches was a testament to the strength of support from investors from all key financial markets across the globe.
“Importantly, the success of this transaction enables the bank to continue to play a major role in the development of intra-African trade and trade between Africa and the rest of the world.
“The closing of the transaction is evidence of the bank’s growing capability to harness competitively priced long-dated resources into Africa and fund investments that would have a positive impact on trade in the continent, ” it said.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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