Africa Loans

IHS Holding, the Nigerian telecoms towers group, has closed an $800m or equivalent multi-draw term loan facility.

IHS Holding, the Nigerian telecoms towers group, has confirmed it has closed an $800m or equivalent multi-draw term loan facility.

IHS Holding, the Nigerian telecoms towers group, has all commitments in for an $800m loan, with funding to follow at the end of the month.

Sonangol, the Angolan state oil company, has nearly all commitments in for a $1.5bn loan but will likely complete the deal in mid-March, say bankers involved.

Sonangol, the Angolan state oil company, has nearly all commitments in for its $1.5bn loan but will likely complete the deal in mid-March, say bankers involved.

IHS Holding, the Nigerian telecom towers group, has all commitments in for an $800m loan, with funding to follow at the end of the month.

An $800m loan for IHS Holding, the Nigerian telecom towers group, is greatly oversubscribed, according to bankers involved in the deal.

Sonangol, the Angolan state oil company, is near to closing a $1.5bn loan.

A decision in Nigeria to postpone the country’s general elections for six weeks due to the army’s increased fighting with Boko Haram has added to reasons not to bring bond or loan deals to market, with some bankers calling it a six week setback in the pipeline. But Nigerian telecom towers group IHS could still close its $800m loan this week, said bankers involved in the deal.

South Africa’s Investec Bank closed a $400m three year loan last Friday, after increasing the size of the deal from an initial $300m on oversubscription.

Despite the strong success of several emerging market issuers — Halkbank, National Bank of Abu Dhabi, and Eustream — with bonds last week, other borrowers have refrained from issuing so far this week, leaving the focus on liability management, mandates and roadshows.

South Africa’s Investec Bank has disclosed the pricing terms and banking book for the $400m loan it closed on Friday.