Afreximbank issues the first-ever multi-border transit bond

Afreximbank announced the historic issuance of the first-ever multi-border transit bond. The US$10 million transit bond issued in favour of Innovate General Insurance (IGI) of Zambia is expected to provide counter guarantees and boost IGI’s capacity to issue bonds to Clearing and Forwarding Agents in Zambia. The Afreximbank African Collaborative Transit Guarantee Scheme (AATGS) was

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