Africa Loans

The CEEMEA and Latin America bond markets have made a slow start to December with no international bonds from either region yet printed. Instead all hopes rest on an African sovereign still on the road.

African loans are set for a busy run to the end of the year, say bankers, with a number of deals likely to come in December, while others will spill over into the first quarter of 2015.

Bahraini Islamic lender Ibdar Bank has completed a $100m financing deal with Ethiopian Airlines to acquire four new aircraft, which marks the first Sharia compliant transaction in Africa’s aviation industry.

African loan bankers have picked up the pace as the window to complete deals before the end of the year starts to close. Among others, Liquid Telecom has come to market, while South Africa’s Standard Bank is looking for its second deal of recent months.

African loan bankers are picking up the pace as the window to get deals done before the end of the year starts to close. Among others, Liquid Telecom is in the market, while Standard Bank in South Africa is looking to come again with its second deal of recent months.

Lagos-based Zenith Bank launched an international syndicated loan on Thursday, extending a wave of loans for Nigerian borrowers.

Votes are rolling in to decide this year’s winners of the GlobalCapital Syndicated Loans and Leveraged Finance Awards. There is still time to complete the poll, but the deadline is fast approaching.

Loans for Nigerian borrowers IHS Towers and Fidelity Bank are progressing well, said bankers this week. But while scheduled to close before the end of November, there is a strong chance they will run into December, loans officials conceded.

It’s the moment you have all been waiting for. More hotly anticipated than the reopening of the Russian loan market, GlobalCapital has opened the poll to decide the winners of its Syndicated Loans & Leveraged Finance Awards.

IHS Towers, the African mobile telecommunications infrastructure firm, has signed agreements for a $2.6bn capital raising, comprising $2bn of private equity and a $600m loan facility, the company said on Monday.

Loans bankers’ predictions of a rush of Nigerian loans before the end of the year began to take shape this week, with Fidelity Bank looking for a two year loan and First City Monument Bank saying it had signed a deal with several tranches and lenders.

Standard Chartered has lost another senior banker from its loan syndications team in London, according to well placed sources.