• Friday, March 29, 2024
businessday logo

BusinessDay

Afreximbank tops Bloomberg 2019 book running league table

Afreximbank tops Bloomberg 2019 book running league table

African Export-Import Bank (Afreximbank) has emerged top of the Bloomberg 2019 Africa Capital Markets League Tables as the leading Bookrunner in Africa.

The 2019 Africa Capital Markets League Tables released recently by Bloomberg showed that Afreximbank was the top Bookrunner for Africa Borrower Loans, ahead of Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank.

The table represents top arrangers, bookrunners, and advisors across a broad array of deal types including loans, bonds, equity, and M&A transactions; according to Bloomberg standards.

According to Bloomberg, Afreximbank recorded a loan transaction volume of over $2.79 billion that is 8.7 percent of the market share while Mitsubishi UFJ Financial Group Incorporated and Standard Chartered Bank accounted for 6.8 percent and 6.4 percent of the market share respectively.

Read also: Fidelity Bank receives awards for supporting real sector

Afreximbank also ranked second among the Mandated Lead Arrangers for Africa Borrower Loans on the League Tables, moving up one place from last year’s ranking. Its market share was 6.7 percent on a volume of $2.1billion.

Afreximbank came in behind the Standard Bank of South Africa, which accounted for 8.1 percent of the market share but was ahead of Eastern and Southern African Trade and Development Bank whose market share stood at 4.5 percent.

In the Administrative Agent ranking category, Afreximbank came in ninth with a 5 percent market share and a volume of $8.85 billion. The category leader was Standard Chartered Bank, with a market share of 14.3 percent, followed by BNP Paribas with 8.4 percent market share and the National Bank of Egypt with 8.1 percent market share.