THE LIQUIDITY AND SUSTAINABILITY FACILITY (LSF) DESIGNATED ACTIVITY COMPANY

The Liquidity and Sustainability Facility (LSF) Designated Activity Company is a specialist repo platform dedicated to African Eurobonds. Established with the backing of the United Nations Economic Commission for Africa and Afreximbank, the LSF works to enhance the liquidity of African sovereign debt and to lower borrowing costs, helping governments and private investors access international capital on more favourable terms.

The LSF operates through three core channels. It offers large‑scale repo transactions for investors, provides a curated “Triparty Repo Africa Basket” of eligible sovereign and corporate Eurobonds, and maintains the iBoxx LSF USD African Sovereigns index, which tracks the performance of the collateral universe used in repo deals. By compressing liquidity premia, the facility aims to save African nations an estimated USD 11 billion in borrowing costs over the next five years, while also promoting green and SDG‑linked bond issuance to support sustainable development across the continent.

Through a network of founding, index, research and operational partners—including administrators, structuring advisors, market‑infrastructure agents and legal firms—the LSF delivers a market‑grade repo service that aspires to bring African sovereign Eurobond markets to the same level of maturity as those in developed economies.