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非洲进出口银行考虑首次离岸人民币贷款African Export-Import Bank Mulls First Offshore Yuan Loan

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非洲进出口银行计划发起一笔10亿美元的银团贷款,其中可能包含一笔离岸人民币分期,据知情人士透露,这将是该行首次涉足离岸人民币市场,正值中非贸易关系日益紧密之际。

Li 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.

知情人士称,这笔为期三年的贷款将设有美元和离岸人民币分期,具体规模将根据银团组建情况确定。这些人士因讨论私密信息而要求不具名。中国银行和渣打银行担任该融资安排的全球协调人,知情人士说。

The three-year loan will have US dollar and offshore yuan tranches, with the sizes to be determined based on the outcome of the syndication, said the people, who asked not to be identified discussing private information. Bank of China and Standard Chartered Bank are the global coordinators for the facility, the people said.

知情人士称,最多6亿美元所得款项将用于非进出银近期到期负债、未来资产增长及一般公司用途,而剩余金额——将在稍后阶段提取——将用于再融资该行2024年筹集的银团借款。

Up to $600 million of the proceeds will be used for Afreximbank’s near-term liability maturities, future asset growth and general corporate purposes, while the remaining amount — to be drawn at a later stage — will refinance the bank’s syndicated borrowing raised in 2024, the people said.

渣打银行代表拒绝置评。非进出银和中国银行未回复通过电子邮件发出的置评请求。

A representative for Standard Chartered declined to comment. Afreximbank and Bank of China didn’t respond to emailed requests for comment.

这家总部位于开罗的银行计划向亚洲贷款人寻求资金,背景是亚非贸易和投资关系蓬勃发展。根据澳大利亚昆士兰大学和中国绿色金融与发展中心的一份报告,中国在2026年上半年根据其“一带一路”倡议向非洲基础设施承诺了335亿美元,创下半年期最高纪录。自5月1日起,北京还取消了对其有外交关系的53个非洲国家产品的关税。

The Cairo-based bank’s plan to seek funding from Asian lenders comes on the back of booming trade and investment ties between Asia and Africa. China committed $33.5 billion to Africa’s infrastructure in the first half of 2026 under its Belt and Road Initiative, the most ever for a six-month period, according to a report from Australia’s University of Queensland and China’s Green Finance & Development Center. Beijing has also removed tariffs on products from 53 African nations that it has diplomatic ties with since May 1.

非进出银加入了大量外资和中资企业利用人民币融资的行列,与美元计价债务相比,人民币融资因成本较低而成为更便宜的选择。根据彭博汇编的数据,今年以来,政府和企业发行人在境外已售出超过1万亿元人民币(约1500亿美元)的“点心债”,创下历史新高。

Afreximbank joins a slew of both foreign and Chinese firms tapping yuan financing, a cheaper option compared with dollar-denominated debt given the lower costs. Government and corporate issuers have sold over 1 trillion yuan ($150 billion) of dim sum bonds outside mainland China this year, an all-time high, according to data compiled by Bloomberg.

数据显示,若交易推进,这将是非进出口银行的首笔点心贷款。本周早些时候,中国外卖巨头美团通过其第二次点心债券发行筹集了80亿元人民币。

It would be Afreximbank’s maiden dim sum loan if it pushes through, the data show. Earlier this week, Chinese food-delivery giant Meituan raised 8 billion yuan from its second-ever dim sum bond offering.

据彭博汇编的数据,这家为非洲贸易提供资金和推广的多边金融机构是贷款市场的常客,主要以美元、欧元和日元融资。3月,它筹集了一笔相当于20亿美元的三年期贷款,由17.3亿美元和2.28亿欧元(约2.55亿美元)组成。

The multilateral financial institution that funds and promotes African trade is a frequent borrower in the loan market, having secured debt mostly in dollar, euro and yen, according to Bloomberg-compiled data. In March, it raised a $2 billion-equivalent three-year loan, consisting of $1.73 billion and €228 million ($255 million).

知情人士称,非进出口银行计划借款中的离岸人民币部分提供固定利率,具体利率尚未确定。

The offshore yuan portion in Afreximbank’s planned borrowing is offering a fixed rate, which is yet to be decided, the people said.

知情人士称,基于该行目前穆迪Baa2和标普BBB+的信用评级,美元分期贷款的起息利差为担保隔夜融资利率(SOFR)加125个基点。他们补充说,如果信用评级改善,利差将降至115个基点;如果恶化,将升至150个基点。

The US dollar tranche pays an opening interest margin of 125 basis points over the term Secured Overnight Financing Rate based on the bank’s current credit ratings of Baa2 at Moody’s Ratings and BBB+ at S&P Ratings, the people said. The margin will drop to 115 basis points when the credit ratings improve or increase to 150 basis points if they worsen, they added.

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