Africa Loans
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Angola has agreed two loans worth $250m each with Goldman Sachs and Gemcorp Capital as it looks to weather the financial strain caused by recently plummeting oil prices. -
A bank meeting this week in London for Nigerian telecom towers group IHS Holding was well attended, according to bankers on the deal, with as many as 30 institutions taking part.
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Stanbic Uganda has progressed with plans for a debut loan and looks set to sign the deal by the end of this month.
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A bank meeting this week in London for Nigerian telecom towers group IHS Holding was well attended, according to bankers on the deal, with as many as 30 institutions taking part.
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IHS Holding, the Nigerian telecoms tower business, will hold a bank meeting in London on Tuesday next week for an $800m or equivalent loan facility, confirming GlobalCapital's report earlier this week.
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Hashi Energy, a Kenyan oil products distributor, has approached banks as it looks to raise a $140m loan.
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African borrowers have been busy in the loan market over the winter break, with Nigeria’s First City Monument Bank (FCMB) signing term loans and Stanbic Uganda rumoured to be coming to market. Meanwhile, IHS Towers is due to begin a roadshow for its loan and Zenith Bank of Nigeria has revealed the allocations of its recent $300m deal.
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Hashi Energy, a Kenyan oil products distributor, has approached banks as it looks to raise a $140m loan.
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Sasol, the South African energy and chemicals company, has signed a $1.5bn loan with banks after increasing the oversubscribed deal from its original $1bn.
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IHS Towers will begin the roadshow for its loan in the next week or so, according to a banker involved with the deal. The Nigerian telecoms infrastructure company is expected to wrap up the loan by February.
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African banks have been busy in the loan market over the winter break, with Nigeria’s First City Monument Bank (FCMB) signing term loans and Stanbic Uganda rumoured to be coming to market. Meanwhile, Zenith Bank of Nigeria has revealed the allocations of its recent $300m loan.
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Zenith Bank of Nigeria is signing a $300m loan today – its first in the international syndicated loan market. The deal was increased from $250m after being oversubscribed.
