Aluko & Oyebode is pleased to have advised Commerzbank and Deutsche Bank (the “Joint Lead Managers”), in connection with the CHF 350,000,000 5-year digital bond issuance by the Africa Finance Corporation (“AFC”) under its US$5,000,000,000 Global Medium-Term Note Programme (the “Transaction”).

The Transaction makes AFC the first African institution to issue a digital bond listed, traded, and settled on a regulated digital exchange. The issuance is also the largest digital bond ever issued in the Swiss Franc market and marks AFC’s fourth and largest Swiss Franc issuance to date. The bond is admitted for trading and listing on the SIX Swiss Exchange and deposited with SIX Digital Exchange.

The Aluko & Oyebode team was led by Ms. Olubunmi Fayokun, Chairman and Dr Ajibola Asolo, Partner. They were supported by Bukola Akinsulere, Managing Associate, Orinari Horsfall, Senior Associate, Ayomide Awoyemi, Associate and Oluwatimilehin Salu, Associate.