Africa Loans
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South Africa’s Investec Bank closed a $400m three year loan on Friday, after increasing the size of the deal from an initial $300m on oversubscription. -
As one wave of African loan signings approaches its end, bankers are already speaking of another being on the way by the end of February.
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Investec Bank is set to close a three year loan tomorrow (Wednesday) that will be bigger than its original $300m size.
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Bankers have disclosed the allocations for a recently closed loan for Liquid Telecom, the Mauritius-headquartered fixed line provider.
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Afren, the Africa-focused oil exploration company listed on the London Stock Exchange, has avoided default on a $300m loan after obtaining a deferral from banks on the $50m amortisation payment that was due on Saturday January 31 for its Ebok debt facility.
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Stanbic Bank Uganda, a unit of South Africa’s Standard Bank, has signed an $85m debut loan with banks.
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Nigerian telecom towers group IHS continues to progress well with an $800m loan and should sign it within the week, bankers say. But there is mounting concern about the prospects for Nigerian financial institution and oil-related loans after fears rose of a default by Afren.
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Stanbic Uganda will hold a signing ceremony this week for its debut syndicated term loan facility, which bankers involved say has been oversubscribed.
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Investec Bank is looking to sign a three year loan with international lenders.
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Four Seasons Health Care — Gazprom — Angola — Addnode Group
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South Africa’s Investec Bank is looking to sign a three year loan with international lenders.
