Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
The African Export-Import Bank (Afreximbank) has raised $523 million (¥81.3 billion) in its inaugural issue of a Samurai bond, making it one of the only few African institutions to raise funds in the unique Japanese market.
A Samurai bond is a Japanese yen-denominated facility aimed primarily at individual and institutional investors in the Asian powerhouse, and provides a means of raising funds in Japan capital markets.
