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African Export-Import Bank Mulls First Offshore Yuan Loan

Bloomberg Markets Friday 30 October 2026, 04:09 UTC By Aileen Chuang and Apple Ka Ying Li 1 min read
Key Points

EXCLUSIVE African Export-Import Bank Mulls First Offshore Yuan Loan 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. 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...

EXCLUSIVE African Export-Import Bank Mulls First Offshore Yuan Loan 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. 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.
African Export-Import Bank Mulls First Offshore Yuan Loan (ORG) China (LOCATION) US (LOCATION) Bank of China (ORG) Standard Chartered Bank (ORG)
Originally published by Bloomberg Markets Read original →

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