Africa Loans
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Bankers are in discussions with a Nigerian corporate for an acquisition loan, representing welcome fodder for a depleted market, although the deal may not make it over the line, according to sources. -
In an otherwise subdued African loan market, commitments for a $150m deal for Africa Finance Corporation were due on Thursday, according to a banker on the deal.
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After a rough ride for Zambian loans and bonds in recent months, state-owned power firm Zesco will finally sign its delayed seven year loan this week.
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South African Investec is refinancing a $335m credit facility and is increasing the size of the deal to $400m.
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As Africa Finance Corporation launches a $150m loan, other African development finance institutions are lining up to follow, according to bankers.
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Sociedade Nacional De Combustíveis De Angola (Sonangol) has completed a lengthy loan syndication for a $1bn five year loan, with Chinese banks taking big tickets, according to a banker on the deal.
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Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.
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As Africa Finance Corporation launches a $150m loan, other African development finance institutions are lining up to follow, according to bankers.
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Sociedade Nacional De Combustiveis De Angola (Sonangol) has completed a lengthy loan syndication for a $1bn five year loan, with Chinese banks taking big tickets, according to a banker on the deal.
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Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.
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International Finance Corp (IFC) is set to offer a funding lifeline to Nigeria’s banks after the country sought emergency loans this weekend.
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Indian company UPL is making a return to the international syndicated loan market after a break of nearly 10 years with a $200m borrowing.
