trending Market Intelligence /marketintelligence/en/news-insights/trending/eWEtqKWY1qWFEItW5HZ6oQ2 content esgSubNav
In This List

Afreximbank closes private placement of depositary receipts

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Afreximbank closes private placement of depositary receipts

African Export-Import Bank said it raised a total of $165.9 million through the private placement of 38,575,018 depositary receipts following closure of the transaction.

The Cairo-based lender said 5,000 depositary receipts have since been listed at the Stock Exchange of Mauritius at an initial price of $4.30 apiece.

Mauritian bank SBM Group acted as lead arranger and depositary of the receipts.