Bank of Tokyo-Mitsubishi (bookrunner), HSH Nordbank, KBC Bank, Natexis Banques Populaires (documentation), Standard Chartered (bookrunner, agent), Westdeutsche Genossenschafts-Zentralbank and WestLB (bookrunner) as mandated lead arrangers have launched into general syndication a US$100mn dual tranche syndicated loan for African Export-Import Bank (Afrexim).

The loan is split into a 364-day, extendable US$65mn revolving credit and a US$35mn two-year term loan tranche. The first tranche is priced at 40bp over Libor. The second is 75bp.

Arranger roles are being offered with takes of US$6mn for tranche A (27.5bp) and US$3mn for tranche B (50bp); senior co-arrangers for US$4mn at 25bp for tranche A and US$2mn for tranche B at 40bp.

Other participant roles are only being offered positions in tranche A. These are: co-arrangers with US$5mn at 25bp; lead managers with US$3.5mn at 20bp; and managers with US$2mn at 15bp.