Africa Loans
-
Standard Chartered has picked a new head of syndicated loans for Africa, after moving its syndicated loans unit into its corporate finance division. -
China's growing presence in Africa is nothing new. But Asian banks are finally coming to the continent's loan market with big tickets and this is not the time for other lenders to sit on their hands.
-
Development banks will be the most active borrowers in African loans this year, as appetite from international banks to lend directly to African borrowers wanes, according to market participants.
-
Although the deal has taken longer than planned, the $150m loan for Africa Finance Corporation (AFC) will be increased following strong demand from Chinese banks, according to a banker on the deal.
-
Standard Bank of South Africa has grown its loan from $600m to $1bn in syndication, largely driven by demand from the four Chinese lenders in lead roles.
-
Steinhoff International, the South African furniture maker and goods retailer that has been on an acquisition spree, raised €1.1bn on Thursday with a convertible bond that bucked the recent trend of deals that have struggled, partly because it was the kind of simple, traditional structure investors like.
-
South African furniture retailer Steinhoff International has nearly completed syndication of its £920m loan to buy French retailer Darty, according to a banker close to the deal.
-
South Africa’s Investec Bank expanded the syndicate for its latest loan from 17-20 banks, including two Chinese lenders.
-
South Africa's Investec Bank signed a $635m loan on Friday. The loan is its seventh since the beginning of last year, as it raises funds ahead of potential ratings downgrades.
-
Anheuser-Busch — MTN Côte d’Ivoire — Telekom Slovenije — ArcelorMittal
-
MTN Côte d’Ivoire is raising a $225m-equivalent loan in West African francs while parent company MTN Group, the South Africa-based mobile telecommunications firm, continues negotiations with the Nigerian government over a $5.1bn fine.
-
Standard Bank Kenya (also known as Stanbic CfC) will sign its loan on Thursday, while multilateral African bank AFC has nearly completed its $150m deal.
