February 13, 2026
Africa Finance Corporation Plans to Tap China's Bond Market with Yuan-Denominated Panda Bonds
Africa Finance Corporation (AFC) is set to enter China’s bond market this year. By issuing yuan bonds, AFC aims to halve borrowing costs and reduce dollar volatility risks. This move follows similar panda bond issuances by Afreximbank and Egypt. AFC officials say entering Chinese capital markets is a 'natural evolution' supported by investor roadshows and strong credit ratings.