African Export-Import Bank Mulls First Offshore Yuan Loan

🌐 Bloomberg (United States) —

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African Export-Import Bank is considering a $1 billion syndicated loan that may include an offshore yuan tranche. The financing would mark the bank’s first entry into the offshore renminbi market amid expanding China-Africa trade ties.

African Export-Import Bank is planning a $1 billion syndicated loan that could include an offshore yuan tranche, according to people familiar with the matter, in what would be its first foray into the offshore renminbi market amid growing China-Africa trade ties.

World Markets Deals African Export-Import Bank syndicated loan offshore yuan renminbi China-Africa trade financing

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