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Africa Finance Corporation (AFC), one of the continent’s leading infrastructure solutions providers, has successfully closed a $300 million India-focused syndicated loan. AFC said this financing marked a significant milestone in its ongoing strategy to diversify its international investor base.

The transaction introduced a new group of lenders from India, further expanding AFC’s global partnerships.

Bank of Africa UK Plc acted as the sole mandated lead arranger and bookrunner for the transaction, assembling a syndicate of seven leading Indian banks. This group included five new lenders to AFC – State Bank of India, Canara Bank, Bank of India, Indian Bank, and UCO Bank – alongside two returning lenders, SBI (Mauritius) and Indian Overseas Bank.

The transaction, which was oversubscribed by 50%, built on AFC’s fundraising momentum in 2024, including a landmark $1.16 billion debt facility that attracted lenders from the Middle East, Europe and Asia.

“We are very pleased to have achieved this historic milestone with the Indian debt markets,” said Banji Fehintola, Executive Board Member & Head, Financial Services, AFC.