AFC Sukuk Company 

The initial target of $100 million was more than twice oversubscribed, resulting in the transaction being upsized to $150 million and a final order book of approximately $230 million. IFirst Sukuk to be issued by an African supranational entity and was offered to international investors outside of the United States on a private placement basis. AFC Sukuk Company incorporated in Cayman Islands. Reg S Sukuk facility. Approximately 63% of the investors hailed from Asia, 23% from the Middle East, 13% from Africa and the other regions making up the remaining 1%.  

6m$L+200bps

Murabaha 

$150 million 

USD 

24 January 2020 

Nigeria 

3 years 

27 January 2017 

Moody’s: A3 senior unsecured 

Nasdaq Dubai/DFM ,  

Emirates NBD ,  Mitsubishi UFJ Financial Group (MUFG) ,  Rand Merchant Bank ,  

Dentons , King & Spalding ,