Standard Bank picked to co-ordinate MTN Ghana while African deal volumes plummet
Standard Bank has been appointed global co-ordinator for telecoms credit MTN Ghana’s $300m five year loan, according to bankers. Deal flow news will come as some relief to African-focused lenders as it has emerged that African loans are facing the slowest start to the year since records began.
But the telecoms firm will have a challenge to raise the funds if it prices too low, lenders have warned.
"It wont be a smooth deal," a banker said. "They tend to be very aggressive with their pricing."
MTN Ghanas parent company MTN Group last came to the market for
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